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

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $6.10 and last traded at $6.18, with a volume of 160572 shares changing hands. The stock had previously closed at $6.37.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their price target 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 Trading Up 1.3 %

The company has a market cap of $689.99 million, a PE ratio of 21.28 and a beta of 0.89. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The company has a 50 day simple moving average of $8.27 and a two-hundred day simple moving average of $9.78.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. Sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current 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 paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.22%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 175.00%.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of $7.70 per share, with a total value of $77,000.00. Following the completion of the transaction, the director now directly owns 69,430 shares of the company's stock, valued at approximately $534,611. The trade was a 16.83 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders bought 90,954 shares of company stock valued at $699,607. 11.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC raised its position in shares of Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 2,000 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 1,551 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $107,000. Caisse Des Depots ET Consignations bought a new position in shares of Armada Hoffler Properties in the fourth quarter worth about $110,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth about $115,000. 66.35% of the stock is owned by 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.