Armada Hoffler Properties (NYSE:AHH) Sets New 12-Month Low – Here’s What Happened

Armada Hoffler Properties, Inc. (NYSE:AHH) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.52 and last traded at $9.56, with a volume of 153385 shares traded. The stock had previously closed at $9.70.

Analyst Ratings Changes

Several equities analysts have recently commented on AHH shares. Stifel Nicolaus upped their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Up 0.1 %

The firm’s fifty day moving average is $10.68 and its two-hundred day moving average is $11.20. The firm has a market cap of $984.21 million, a price-to-earnings ratio of -46.24 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties’s payout ratio is -390.48%.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now directly owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds have recently modified their holdings of AHH. Point72 DIFC Ltd bought a new stake in shares of Armada Hoffler Properties in the 2nd quarter valued at $46,000. KBC Group NV increased its holdings in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Armada Hoffler Properties during the second quarter worth approximately $55,000. Quarry LP increased 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 acquiring an additional 4,790 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Armada Hoffler Properties during the 3rd quarter worth approximately $108,000. 66.35% of the stock is owned by institutional investors and hedge funds.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) 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.