Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Up 5.5% in June

Armada Hoffler Properties, Inc. (NYSE:AHH) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,150,000 shares, a growth of 5.5% from the May 31st total of 1,090,000 shares. Based on an average daily trading volume, of 427,200 shares, the days-to-cover ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

Armada Hoffler Properties Price Performance

Armada Hoffler Properties stock opened at $10.98 on Thursday. The firm has a market capitalization of $974.39 million, a P/E ratio of 121.94 and a beta of 1.03. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11. The business has a 50-day moving average of $11.11 and a 200-day moving average of $11.25. The company has a current ratio of 9.54, a quick ratio of 9.54 and a debt-to-equity ratio of 2.41.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Thursday, May 9th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.14). The company had revenue of $61.88 million for the quarter, compared to analyst estimates of $61.55 million. Armada Hoffler Properties had a return on equity of 2.96% and a net margin of 2.76%. On average, equities analysts anticipate that Armada Hoffler Properties will post 1.25 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Wednesday, June 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 911.11%.

Insider Activity at Armada Hoffler Properties

In related news, insider Eric E. Apperson sold 40,000 shares of Armada Hoffler Properties stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $11.59, for a total value of $463,600.00. Following the completion of the transaction, the insider now directly owns 53,867 shares of the company’s stock, valued at $624,318.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Several institutional investors have recently modified their holdings of AHH. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Armada Hoffler Properties by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 346,559 shares of the real estate investment trust’s stock valued at $4,287,000 after purchasing an additional 168,426 shares in the last quarter. Mesirow Institutional Investment Management Inc. lifted its holdings in shares of Armada Hoffler Properties by 14.2% during the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock valued at $10,912,000 after purchasing an additional 130,497 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Armada Hoffler Properties by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock valued at $19,193,000 after purchasing an additional 124,204 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Armada Hoffler Properties by 11.8% during the 3rd quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock valued at $11,663,000 after purchasing an additional 120,132 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after purchasing an additional 83,500 shares in the last quarter. 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.