Armada Hoffler Properties (NYSE:AHH) Hits New 52-Week Low - What's Next?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $9.84 and last traded at $9.88, with a volume of 98994 shares. The stock had previously closed at $9.95.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Price Performance

The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The stock has a market cap of $1.01 billion, a P/E ratio of -47.24 and a beta of 1.03. The company's 50 day simple moving average is $10.77 and its 200 day simple moving average is $11.23.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. During the same period in the previous year, the company posted $0.31 EPS. The firm's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties's dividend payout ratio is -390.48%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AHH. Geode Capital Management LLC lifted its stake in Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock valued at $19,127,000 after acquiring an additional 56,777 shares during the last quarter. FMR LLC lifted 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 buying an additional 140,964 shares during the last quarter. HGI Capital Management LLC lifted its stake in shares of Armada Hoffler Properties by 44.4% during the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust's stock worth $2,708,000 after buying an additional 76,919 shares during the last quarter. Quest Partners LLC lifted its stake in shares of Armada Hoffler Properties by 378.6% during the 3rd quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust's stock worth $669,000 after buying an additional 48,891 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth about $619,000. Institutional investors own 66.35% of the company's stock.

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.