Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Up 11.9% in December

Armada Hoffler Properties, Inc. (NYSE:AHH) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,220,000 shares, an increase of 11.9% from the November 30th total of 1,090,000 shares. Based on an average daily volume of 790,100 shares, the short-interest ratio is presently 1.5 days.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 31,649 shares of the company’s stock, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after acquiring an additional 56,777 shares during the period. FMR LLC lifted its stake in Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after buying an additional 140,964 shares in the last quarter. HGI Capital Management LLC lifted its holdings in Armada Hoffler Properties by 44.4% in the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock valued at $2,708,000 after purchasing an additional 76,919 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Armada Hoffler Properties by 378.6% in the third quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 48,891 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Armada Hoffler Properties during the second quarter worth about $619,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 1.5 %

Shares of AHH stock traded up $0.15 on Wednesday, hitting $10.23. The stock had a trading volume of 767,256 shares, compared to its average volume of 527,122. Armada Hoffler Properties has a one year low of $9.88 and a one year high of $12.60. The business has a 50 day moving average price of $10.84 and a 200 day moving average price of $11.26. The company has a market cap of $1.04 billion, a PE ratio of -48.71 and a beta of 1.03. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00.

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

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th will be issued a $0.205 dividend. The ex-dividend date is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 8.02%. Armada Hoffler Properties’s dividend payout ratio is presently -390.48%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

Armada Hoffler Properties Company Profile

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.