Armada Hoffler Properties (NYSE:AHH - Free Report) had its target price decreased by Scotiabank from $10.00 to $8.00 in a research note published on Wednesday,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust's stock.
Armada Hoffler Properties Stock Performance
Shares of AHH stock traded up $0.25 during trading hours on Wednesday, reaching $6.81. 887,108 shares of the company's stock were exchanged, compared to its average volume of 694,124. The company's 50 day moving average is $7.99 and its two-hundred day moving average is $9.64. Armada Hoffler Properties has a 1 year low of $6.10 and a 1 year high of $12.46. The company has a market cap of $689.48 million, a P/E ratio of 21.27 and a beta of 0.89. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17.
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, topping the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Equities research analysts anticipate that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.
Armada Hoffler Properties Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 8.23%. Armada Hoffler Properties's payout ratio is 175.00%.
Insider Transactions at Armada Hoffler Properties
In other news, Director A Russell Kirk acquired 50,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average price of $7.73 per share, with a total value of $386,500.00. Following the completion of the purchase, the director now owns 119,430 shares of the company's stock, valued at approximately $923,193.90. This represents a 72.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 90,954 shares of company stock valued at $699,607 over the last three months. 11.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Armada Hoffler Properties
Several institutional investors have recently added to or reduced their stakes in AHH. Steward Partners Investment Advisory LLC increased its stake in shares of 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 valued at $46,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC increased its holdings in Armada Hoffler Properties by 250.1% in the 1st quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 3,954 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 1,551 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of Armada Hoffler Properties during the fourth quarter worth about $107,000. Finally, Caisse Des Depots ET Consignations purchased a new position in Armada Hoffler Properties in the 4th quarter worth approximately $110,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.
Armada Hoffler Properties Company Profile
(
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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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