Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $9.52 and last traded at $9.56, with a volume of 153385 shares traded. The stock had previously closed at $9.70.
Wall Street Analysts Forecast Growth
AHH has been the topic of several analyst reports. StockNews.com downgraded shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a research report on Tuesday, November 5th.
Get Our Latest Report on Armada Hoffler Properties
Armada Hoffler Properties Stock Up 0.3 %
The firm's 50-day simple moving average is $10.66 and its two-hundred day simple moving average is $11.19. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The company has a market capitalization of $986.23 million, a price-to-earnings ratio of -46.33 and a beta of 1.03.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). The firm had revenue of $68.60 million during the quarter, compared to analysts' expectations of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 earnings per share. Sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.
Armada Hoffler Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.43%. Armada Hoffler Properties's dividend payout ratio is presently -390.48%.
Insider Buying and Selling
In related news, Director Dennis H. Gartman acquired 4,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.90% of the company's stock.
Institutional Investors Weigh In On Armada Hoffler Properties
Several hedge funds have recently modified their holdings of AHH. Vision Capital Corp purchased a new stake in Armada Hoffler Properties in the 3rd quarter worth approximately $11,913,000. Franklin Resources Inc. grew its position in shares of Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust's stock valued at $20,989,000 after purchasing an additional 158,625 shares during the period. FMR LLC increased its stake in 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 purchasing an additional 140,964 shares during the last quarter. Seven Grand Managers LLC acquired a new stake in Armada Hoffler Properties in the 3rd quarter worth about $1,451,000. Finally, Algert Global LLC boosted its stake in Armada Hoffler Properties by 858.2% in the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust's stock worth $1,561,000 after buying an additional 126,051 shares during the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.
Armada Hoffler Properties Company Profile
(
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.
See Also
Before you consider Armada Hoffler Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Armada Hoffler Properties wasn't on the list.
While Armada Hoffler Properties currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
