Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $9.23 and last traded at $9.22, with a volume of 208340 shares. The stock had previously closed at $9.37.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Scotiabank assumed coverage on shares of Armada Hoffler Properties in a research note on Tuesday, January 28th. They set a "sector perform" rating and a $11.00 price target on the stock.
View Our Latest Report on AHH
Armada Hoffler Properties Price Performance
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's 50 day moving average price is $9.84 and its 200 day moving average price is $10.80. The company has a market cap of $905.25 million, a price-to-earnings ratio of 27.91 and a beta of 1.03.
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 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $66.67 million. On average, equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.
Armada Hoffler Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were issued a $0.205 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.18%. Armada Hoffler Properties's dividend payout ratio is 256.25%.
Insider Activity at Armada Hoffler Properties
In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares of the company's stock, valued at $343,391.65. This represents a 16.58 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AHH. Steward Partners Investment Advisory LLC raised its holdings in Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 2,000 shares during the last quarter. KBC Group NV raised its holdings in 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 worth $53,000 after purchasing an additional 1,962 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in Armada Hoffler Properties by 23.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,551 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in Armada Hoffler Properties during the 4th quarter worth about $107,000. Finally, Versor Investments LP bought a new stake in Armada Hoffler Properties during the 3rd quarter worth about $108,000. 66.35% of the stock is owned by institutional investors.
About Armada Hoffler Properties
(
Get Free Report)
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.
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