Armada Hoffler Properties (NYSE:AHH) Sees Unusually-High Trading Volume

Armada Hoffler Properties, Inc. (NYSE:AHH) shares saw an uptick in trading volume on Monday . 690,774 shares changed hands during trading, an increase of 54% from the previous session’s volume of 447,546 shares.The stock last traded at $10.99 and had previously closed at $10.92.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AHH. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their price target for the stock from $13.00 to $11.00 in a report on Monday, July 15th. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus cut their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a research note on Friday.

Armada Hoffler Properties Trading Down 1.4 %

The firm’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $11.23. The stock has a market cap of $956.19 million, a P/E ratio of 122.22 and a beta of 1.04. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date is Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was bought at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the transaction, the director now directly owns 21,486 shares of the company’s stock, valued at approximately $238,279.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is owned by insiders.

Institutional Trading of Armada Hoffler Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Intrinsic Edge Capital Management LLC purchased a new stake in Armada Hoffler Properties in the 4th quarter worth approximately $333,000. Adams Asset Advisors LLC purchased a new position in Armada Hoffler Properties during the 1st quarter valued at $329,000. Allspring Global Investments Holdings LLC lifted its position in shares of Armada Hoffler Properties by 4.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 293,440 shares of the real estate investment trust’s stock worth $3,052,000 after purchasing an additional 13,570 shares during the period. Naviter Wealth LLC bought a new stake in shares of Armada Hoffler Properties during the 1st quarter valued at about $206,000. Finally, New York State Teachers Retirement System increased its position in shares of Armada Hoffler Properties by 6.6% during the first quarter. New York State Teachers Retirement System now owns 102,927 shares of the real estate investment trust’s stock valued at $1,070,000 after buying an additional 6,343 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.