Short Interest in Armada Hoffler Properties, Inc. (NYSE:AHH) Rises By 38.8%

Armada Hoffler Properties, Inc. (NYSE:AHH) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 3,113,849 shares, a growth of 38.8% from the November 30th total of 2,243,727 shares. Approximately 3.4% of the shares of the company are short sold. Based on an average daily volume of 1,118,866 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 1,118,866 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Brown Advisory Inc. raised its holdings in shares of Armada Hoffler Properties by 3,588.7% during the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after acquiring an additional 1,084,825 shares during the period. Berman McAleer LLC acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $7,317,000. Verition Fund Management LLC lifted its holdings in shares of Armada Hoffler Properties by 1,030.1% in the third quarter. Verition Fund Management LLC now owns 827,964 shares of the real estate investment trust’s stock valued at $5,804,000 after purchasing an additional 754,701 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Armada Hoffler Properties by 310.4% in the third quarter. Ameriprise Financial Inc. now owns 980,456 shares of the real estate investment trust’s stock worth $6,883,000 after buying an additional 741,530 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Armada Hoffler Properties by 46.8% during the second quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust’s stock valued at $10,697,000 after buying an additional 496,620 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday. Scotiabank reduced their price target on shares of Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Wall Street Zen cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Armada Hoffler Properties has an average rating of “Hold” and an average price target of $8.13.

Armada Hoffler Properties Price Performance

Shares of AHH stock traded up $0.02 during midday trading on Tuesday, reaching $6.71. 1,043,065 shares of the company were exchanged, compared to its average volume of 874,599. The company’s 50 day moving average price is $6.55 and its two-hundred day moving average price is $6.86. The company has a market cap of $695.14 million, a P/E ratio of 35.29 and a beta of 1.06. Armada Hoffler Properties has a 12 month low of $6.01 and a 12 month high of $10.27. The company has a debt-to-equity ratio of 2.35, a quick ratio of 7.14 and a current ratio of 7.14.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Armada Hoffler Properties had a net margin of 6.77% and a return on equity of 4.43%. The business had revenue of $72.15 million during the quarter, compared to analysts’ expectations of $66.23 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. On average, sell-side analysts expect that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Armada Hoffler Properties’s payout ratio is currently 294.74%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.