Armada Hoffler Properties (NYSE:AHH) Reaches New 1-Year Low – Here’s Why

Armada Hoffler Properties, Inc. (NYSE:AHH) shares reached a new 52-week low during trading on Friday . The company traded as low as $7.45 and last traded at $7.47, with a volume of 77797 shares trading hands. The stock had previously closed at $7.52.

Analysts Set New Price Targets

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

Armada Hoffler Properties Stock Down 1.3 %

The company’s 50 day moving average is $9.02 and its 200 day moving average is $10.24. The company has a market cap of $752.30 million, a PE ratio of 23.20 and a beta of 1.04. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The business had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. As a group, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 30,000 shares of Armada Hoffler Properties stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of $7.64 per share, for a total transaction of $229,200.00. Following the acquisition, the director now owns 49,430 shares in the company, valued at $377,645.20. This trade represents a 154.40 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders bought 90,383 shares of company stock worth $696,607. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Intech Investment Management LLC boosted its position in Armada Hoffler Properties by 130.5% during the 3rd quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 19,925 shares in the last quarter. Penserra Capital Management LLC boosted its position in Armada Hoffler Properties by 23.0% during the third quarter. Penserra Capital Management LLC now owns 86,339 shares of the real estate investment trust’s stock valued at $935,000 after purchasing an additional 16,120 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 1,316 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Armada Hoffler Properties by 11.0% in the third quarter. D.A. Davidson & CO. now owns 165,982 shares of the real estate investment trust’s stock worth $1,798,000 after purchasing an additional 16,483 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Armada Hoffler Properties by 6.4% during the third 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 during the last quarter. 66.35% of the stock is currently owned by institutional investors.

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.