Armada Hoffler Properties (NYSE:AHH) Shares Gap Down - Time to Sell?

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $8.70, but opened at $8.35. Armada Hoffler Properties shares last traded at $8.00, with a volume of 279,271 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank decreased 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 research note on Friday, February 28th.

Armada Hoffler Properties Stock Performance

The company has a fifty day moving average price of $9.39 and a two-hundred day moving average price of $10.52. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The company has a market capitalization of $768.61 million, a P/E ratio of 23.71 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Equities analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 7.38%. Armada Hoffler Properties's payout ratio is 256.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in shares of Armada Hoffler Properties by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock worth $142,000 after acquiring an additional 1,190 shares during the period. Van ECK Associates Corp raised its holdings in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust's stock worth $126,000 after purchasing an additional 1,251 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Armada Hoffler Properties by 6.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 1,316 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Armada Hoffler Properties by 23.2% in 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 period. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 18.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 1,862 shares during the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

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.