Armada Hoffler Properties (NYSE:AHH) Sees Strong Trading Volume - Here's Why

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 740,185 shares changed hands during mid-day trading, an increase of 53% from the previous session's volume of 484,849 shares.The stock last traded at $10.92 and had previously closed at $10.99.

Wall Street Analysts Forecast Growth

AHH has been the topic of several research reports. StockNews.com cut Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Stock Performance

The stock's 50-day moving average price is $11.00 and its 200-day moving average price is $11.32. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $1.10 billion, a P/E ratio of -51.57 and a beta of 1.03.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.42). The business had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The business's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. As a group, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 26th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 7.57%. Armada Hoffler Properties's payout ratio is currently -390.48%.

Insiders Place Their Bets

In other news, Director Daniel A. Hoffler purchased 95,238 shares of the company's stock in a transaction on Thursday, September 26th. The shares were bought at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the purchase, the director now owns 266,647 shares of the company's stock, valued at $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company's stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 104,238 shares of company stock valued at $1,097,649 over the last three months. Company insiders own 11.90% of the company's stock.

Institutional Trading of Armada Hoffler Properties

A number of institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in shares of Armada Hoffler Properties in the second quarter valued at $46,000. KBC Group NV boosted its position in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter worth approximately $55,000. Quarry LP raised its holdings in shares of Armada Hoffler Properties by 446.4% in the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in Armada Hoffler Properties during the third quarter valued at approximately $108,000. 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.