Armada Hoffler Properties (NYSE:AHH) Sets New 1-Year Low – What’s Next?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) hit a new 52-week low on Wednesday . The company traded as low as $9.23 and last traded at $9.22, with a volume of 208340 shares. The stock had previously closed at $9.37.

Analysts Set New Price Targets

Several analysts have weighed in on AHH shares. Scotiabank started coverage on Armada Hoffler Properties in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $11.00 target price on the stock. Stifel Nicolaus upped their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Trading Down 2.4 %

The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The firm has a market cap of $926.94 million, a price-to-earnings ratio of -43.55 and a beta of 1.03. The business has a 50 day moving average price of $9.95 and a 200-day moving average price of $10.85.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.97%. Armada Hoffler Properties’s payout ratio is -390.46%.

Insider Buying and Selling

In other news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were bought at an average price of $10.85 per share, with a total value 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

Hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Armada Hoffler Properties by 2.0% during 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 buying an additional 9,885 shares in the last quarter. Two Sigma Advisers LP boosted its position in 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 purchasing an additional 15,500 shares during the last quarter. Two Sigma Investments LP boosted its position in Armada Hoffler Properties by 31.7% during the fourth quarter. Two Sigma Investments LP now owns 395,218 shares of the real estate investment trust’s stock valued at $4,043,000 after purchasing an additional 95,049 shares during the last quarter. ProShare Advisors LLC boosted its position in Armada Hoffler Properties by 71.5% during the fourth quarter. ProShare Advisors LLC now owns 23,778 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 9,914 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in Armada Hoffler Properties during the fourth quarter valued at $115,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

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.