Armada Hoffler Properties (NYSE:AHH) Reaches New 1-Year Low - Here's Why

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $7.35 and last traded at $7.37, with a volume of 1012150 shares traded. The stock had previously closed at $7.42.

Analyst Ratings Changes

Separately, Scotiabank dropped their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th.

Armada Hoffler Properties Trading Down 4.2 %

The company's 50 day simple moving average is $8.64 and its two-hundred day simple moving average is $9.98. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $665.17 million, a price-to-earnings ratio of 20.52 and a beta of 0.89.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. As a group, research analysts anticipate 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 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. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.53%. Armada Hoffler Properties's payout ratio is 175.00%.

Insider Activity

In related news, Director A Russell Kirk acquired 10,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now directly owns 69,430 shares of the company's stock, valued at $534,611. This represents a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 90,000 shares of company stock worth $692,700 over the last 90 days. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Armada Hoffler Properties by 250.1% in the first quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust's stock worth $420,000 after purchasing an additional 3,954 shares during the last quarter. California State Teachers Retirement System increased its holdings in Armada Hoffler Properties by 17.5% in the 4th quarter. California State Teachers Retirement System now owns 74,466 shares of the real estate investment trust's stock worth $762,000 after buying an additional 11,112 shares during the period. Wealthedge Investment Advisors LLC purchased a new position in Armada Hoffler Properties during the 4th quarter worth approximately $553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Armada Hoffler Properties by 2.0% during the 4th 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 acquiring an additional 9,885 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Armada Hoffler Properties by 20.0% in the 4th quarter. Two Sigma Advisers LP now owns 93,100 shares of the real estate investment trust's stock valued at $952,000 after acquiring an additional 15,500 shares during the last quarter. Institutional investors and hedge funds 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.