Armada Hoffler Properties (NYSE:AHH) Hits New 12-Month Low – What’s Next?

Armada Hoffler Properties, Inc. (NYSE:AHH) shares hit a new 52-week low during mid-day trading 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.

Analyst Upgrades and Downgrades

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

Armada Hoffler Properties Price Performance

The firm has a market capitalization of $694.04 million, a PE ratio of 21.41 and a beta of 1.04. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $10.05.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $62.95 million during 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 forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

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

Insider Activity

In related news, Director A Russell Kirk purchased 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $7.64 per share, for a total transaction of $229,200.00. Following the transaction, the director now directly owns 49,430 shares of the company’s stock, valued at approximately $377,645.20. The trade was a 154.40 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders acquired 90,000 shares of company stock valued at $692,700. Insiders own 11.90% of the company’s stock.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds have recently added to or reduced their stakes in AHH. Steward Partners Investment Advisory LLC lifted its holdings in shares of Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,000 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,551 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties in the 4th quarter worth $107,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $110,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Armada Hoffler Properties during the fourth quarter worth about $115,000. 66.35% of the stock is 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.