Armada Hoffler Properties (NYSE:AHH) Sees Unusually-High Trading Volume - Still a Buy?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) saw an uptick in trading volume on Monday . 437,214 shares changed hands during trading, a decline of 7% from the previous session's volume of 469,780 shares.The stock last traded at $10.87 and had previously closed at $10.91.

Analyst Ratings Changes

Several analysts have recently issued reports on AHH shares. Stifel Nicolaus decreased their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a "buy" rating for the company in a research note on Friday, September 27th. StockNews.com upgraded Armada Hoffler Properties from a "sell" rating to a "hold" rating in a report on Friday, September 13th. Finally, Jefferies Financial Group lowered shares of Armada Hoffler Properties from a "buy" rating to a "hold" rating and dropped their price target for the company from $13.00 to $11.00 in a research report on Monday, July 15th.

Armada Hoffler Properties Trading Down 0.5 %

The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The company has a 50-day moving average price of $11.61 and a 200-day moving average price of $11.26. The company has a market capitalization of $963.30 million, a price-to-earnings ratio of 121.22 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties's dividend payout ratio is currently 911.11%.

Insider Transactions at Armada Hoffler Properties

In related news, Director Daniel A. Hoffler bought 95,238 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the purchase, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Armada Hoffler Properties news, Director Daniel A. Hoffler purchased 95,238 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were purchased 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 directly owns 266,647 shares of the company's stock, valued at approximately $2,799,793.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now owns 27,149 shares of the company's stock, valued at $294,566.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AHH. ProShare Advisors LLC increased its stake in shares of Armada Hoffler Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust's stock valued at $141,000 after buying an additional 934 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Armada Hoffler Properties by 8.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust's stock valued at $227,000 after purchasing an additional 1,637 shares during the period. Cetera Advisors LLC grew its position in shares of Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust's stock worth $149,000 after buying an additional 1,872 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Armada Hoffler Properties by 11.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,150 shares of the real estate investment trust's stock valued at $312,000 after buying an additional 2,818 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Armada Hoffler Properties by 11.7% during the first quarter. Inspire Investing LLC now owns 34,565 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 3,629 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

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.