Armada Hoffler Properties (NYSE:AHH) Sets New 12-Month Low - Should You Sell?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $8.68 and last traded at $8.67, with a volume of 102185 shares traded. The stock had previously closed at $8.73.

Analyst Ratings Changes

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

Armada Hoffler Properties Price Performance

The firm's fifty day moving average price is $9.39 and its 200 day moving average price is $10.51. 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 stock has a market cap of $768.61 million, a PE ratio of 23.71 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released 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%. As a group, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

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Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 256.25%.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Armada Hoffler Properties by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust's stock valued at $97,357,000 after purchasing an additional 829,392 shares in the last quarter. FMR LLC increased its position in Armada Hoffler Properties by 6.4% during 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 last quarter. Franklin Resources Inc. increased its position in Armada Hoffler Properties by 9.0% during the fourth quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust's stock valued at $21,542,000 after acquiring an additional 173,149 shares during the last quarter. Geode Capital Management LLC increased its position in Armada Hoffler Properties by 15.3% during the fourth quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust's stock valued at $20,824,000 after acquiring an additional 269,367 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Armada Hoffler Properties by 118.4% during the fourth 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 acquiring an additional 713,010 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company's stock.

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.