Armada Hoffler Properties (NYSE:AHH) Reaches New 1-Year Low – What’s Next?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) hit a new 52-week low during trading on Monday . The stock 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 brokerages have recently issued reports on AHH. Stifel Nicolaus boosted their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Performance

The stock’s 50-day moving average is $10.62 and its 200-day moving average is $11.18. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The stock has a market cap of $979.14 million, a price-to-earnings ratio of -46.00 and a beta of 1.03.

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 the consensus estimate of $0.31 by ($0.42). The business had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. Armada Hoffler Properties’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. On average, analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.49%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio is presently -390.48%.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the purchase, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of institutional investors have recently added to or reduced their stakes in AHH. Point72 DIFC Ltd acquired a new stake in shares of Armada Hoffler Properties during the second quarter valued at about $46,000. 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 valued at $53,000 after purchasing an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Armada Hoffler Properties during the 2nd quarter worth approximately $55,000. Quarry LP boosted its stake in shares of Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 4,790 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at approximately $108,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

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.