Armada Hoffler Properties (NYSE:AHH) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Armada Hoffler Properties (NYSE:AHH) from a sell rating to a hold rating in a report published on Friday.

Several other research firms also recently commented on AHH. Stifel Nicolaus started coverage on Armada Hoffler Properties in a research note on Monday, July 15th. They set a buy rating and a $12.75 price objective for the company. Jefferies Financial Group lowered Armada Hoffler Properties from a buy rating to a hold rating and dropped their target price for the company from $13.00 to $11.00 in a report on Monday, July 15th.

Armada Hoffler Properties Trading Up 0.7 %

Shares of Armada Hoffler Properties stock opened at $12.05 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. The company has a market capitalization of $1.07 billion, a P/E ratio of 133.89 and a beta of 1.04. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11. The company’s fifty day moving average is $11.77 and its two-hundred day moving average is $11.15.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be paid a dividend of $0.205 per share. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.80%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 911.11%.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction on Wednesday, July 10th. The shares were bought at an average price of $11.09 per share, with a total value of $49,905.00. Following the acquisition, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

Institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new stake in Armada Hoffler Properties in the second quarter valued at $46,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Armada Hoffler Properties in the second quarter valued at about $619,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Armada Hoffler Properties during the second quarter worth about $55,000. Quarry LP grew its position in Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 4,790 shares during the period. Finally, Algert Global LLC increased its holdings in Armada Hoffler Properties by 858.2% in the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after buying an additional 126,051 shares in the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.