Armada Hoffler Properties (NYSE:AHH) Reaches New 12-Month Low – What’s Next?

Armada Hoffler Properties, Inc. (NYSE:AHH) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.75 and last traded at $8.73, with a volume of 33022 shares changing hands. The stock had previously closed at $8.90.

Analysts Set New Price Targets

Separately, Scotiabank lowered their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th.

Armada Hoffler Properties Trading Down 0.8 %

The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The company’s 50-day moving average price is $9.65 and its 200-day moving average price is $10.69. The firm has a market capitalization of $894.50 million, a PE ratio of 27.52 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. On average, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 9.29%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 256.25%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its stake in Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,000 shares in the last quarter. KBC Group NV grew its stake in 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 buying an additional 1,962 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Armada Hoffler Properties by 23.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 1,551 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in Armada Hoffler Properties in the fourth quarter valued at approximately $107,000. Finally, Versor Investments LP acquired a new stake in shares of Armada Hoffler Properties in the third quarter valued at approximately $108,000. 66.35% of the stock is owned by hedge funds and other institutional investors.

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.