Armada Hoffler Properties (NYSE:AHH) Reaches New 1-Year Low - What's Next?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $7.45 and last traded at $7.47, with a volume of 77797 shares trading hands. The stock had previously closed at $7.52.

Analyst Ratings Changes

Separately, Scotiabank decreased their target price 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 Trading Down 0.3 %

The stock has a market capitalization of $758.28 million, a PE ratio of 23.39 and a beta of 1.04. The stock's 50 day moving average price is $8.93 and its 200-day moving average price is $10.16. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly 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. The company had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

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Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 7.48%. Armada Hoffler Properties's dividend payout ratio (DPR) 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 stock was bought at an average price of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the transaction, the director now owns 49,430 shares in the company, valued at approximately $377,645.20. The trade was a 154.40 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 90,383 shares of company stock worth $696,607. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Armada Hoffler Properties by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust's stock worth $97,357,000 after buying an additional 829,392 shares during the last quarter. FMR LLC raised its stake in shares of Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock valued at $25,313,000 after acquiring an additional 140,964 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Armada Hoffler Properties by 9.0% in the 4th quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust's stock worth $21,542,000 after acquiring an additional 173,149 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust's stock worth $20,824,000 after purchasing an additional 269,367 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Armada Hoffler Properties by 118.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust's stock valued at $13,453,000 after purchasing an additional 713,010 shares during the last quarter. Hedge funds and other 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.