Short Interest in Armada Hoffler Properties, Inc. (NYSE:AHH) Rises By 79.5%

Armada Hoffler Properties, Inc. (NYSE:AHH) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 2,190,000 shares, an increase of 79.5% from the December 15th total of 1,220,000 shares. Based on an average daily volume of 713,600 shares, the short-interest ratio is presently 3.1 days.

Armada Hoffler Properties Price Performance

AHH stock opened at $9.83 on Friday. The firm has a 50 day moving average of $10.59 and a 200-day moving average of $11.17. Armada Hoffler Properties has a 12-month low of $9.26 and a 12-month high of $12.46. 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 company has a market cap of $995.86 million, a price-to-earnings ratio of -46.78 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. Armada Hoffler Properties’s revenue was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Armada Hoffler Properties will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.35%. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.46%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus raised 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 report on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Insider Activity at Armada Hoffler Properties

In other 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 purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after purchasing an additional 140,964 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after purchasing an additional 158,625 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Armada Hoffler Properties by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 56,777 shares in the last quarter. Vision Capital Corp purchased a new position in shares of Armada Hoffler Properties during the 3rd quarter worth approximately $11,913,000. Finally, JPMorgan Chase & Co. increased its stake in shares of 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. 66.35% of the stock is owned by hedge funds and other 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.