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

Armada Hoffler Properties, Inc. (NYSE:AHH)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $9.94 and last traded at $10.16, with a volume of 106932 shares trading hands. The stock had previously closed at $10.17.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AHH. Stifel Nicolaus boosted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The firm has a market cap of $1.02 billion, a PE ratio of -47.90 and a beta of 1.03. The business’s fifty day moving average is $10.87 and its 200-day moving average is $11.27.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results 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). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. During the same quarter in the previous year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 26th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 8.15%. The ex-dividend date of this dividend is Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -390.48%.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on 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 purchase, the director now owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This 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 is accessible through the SEC website. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Armada Hoffler Properties by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock worth $6,737,000 after purchasing an additional 97,642 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after buying an additional 158,625 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after acquiring an additional 56,777 shares during the period. Barclays PLC lifted its stake in Armada Hoffler Properties by 73.9% in the 3rd quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 91,461 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Armada Hoffler Properties by 37.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 42,459 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 11,465 shares in the last quarter. 66.35% of the stock is 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.