Armada Hoffler Properties (NYSE:AHH) Hits New 52-Week Low – Should You Sell?

Armada Hoffler Properties, Inc. (NYSE:AHH)’s share price reached a new 52-week low on Thursday . The company traded as low as $7.35 and last traded at $7.37, with a volume of 1012150 shares trading hands. The stock had previously closed at $7.42.

Wall Street Analyst Weigh In

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

Armada Hoffler Properties Stock Down 1.0 %

The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The company has a market capitalization of $694.04 million, a price-to-earnings ratio of 21.41 and a beta of 1.04. The firm’s 50-day simple moving average is $8.71 and its two-hundred day simple moving average is $10.05.

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

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.18%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is currently 175.00%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk bought 50,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the acquisition, the director now owns 119,430 shares of the company’s stock, valued at $923,193.90. The trade was a 72.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders bought 90,000 shares of company stock valued at $692,700 in the last 90 days. 11.90% of the stock is currently owned by insiders.

Institutional Trading of Armada Hoffler Properties

Several large investors have recently modified their holdings of AHH. California State Teachers Retirement System lifted its stake in Armada Hoffler Properties by 17.5% in the 4th quarter. California State Teachers Retirement System now owns 74,466 shares of the real estate investment trust’s stock valued at $762,000 after buying an additional 11,112 shares in the last quarter. Wealthedge Investment Advisors LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at $553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Armada Hoffler Properties by 2.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 493,565 shares of the real estate investment trust’s stock valued at $5,049,000 after acquiring an additional 9,885 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Armada Hoffler Properties by 20.0% during the fourth quarter. Two Sigma Advisers LP now owns 93,100 shares of the real estate investment trust’s stock valued at $952,000 after acquiring an additional 15,500 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in Armada Hoffler Properties by 31.7% during the 4th quarter. Two Sigma Investments LP now owns 395,218 shares of the real estate investment trust’s stock worth $4,043,000 after purchasing an additional 95,049 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

About Armada Hoffler Properties

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.