Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Update

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,630,000 shares, a decrease of 28.2% from the March 15th total of 2,270,000 shares. Based on an average daily volume of 986,400 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.8% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 16th.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH traded down $0.06 during midday trading on Wednesday, reaching $6.88. 269,387 shares of the stock were exchanged, compared to its average volume of 695,381. 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 firm has a market cap of $697.08 million, a price-to-earnings ratio of 21.50 and a beta of 0.89. The firm has a 50-day simple moving average of $7.88 and a two-hundred day simple moving average of $9.59. Armada Hoffler Properties has a twelve month low of $6.10 and a twelve month high of $12.46.

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 EPS for the quarter, beating 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%. As a group, 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 declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 8.14%. Armada Hoffler Properties's dividend payout ratio is currently 175.00%.

Insiders Place Their Bets

In other news, Director A Russell Kirk acquired 50,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of $7.73 per share, with a total value of $386,500.00. Following the completion of the acquisition, the director now owns 119,430 shares of the company's stock, valued at approximately $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders purchased 90,954 shares of company stock valued at $699,607. Insiders own 11.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its holdings in Armada Hoffler Properties by 80.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 2,000 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Armada Hoffler Properties by 250.1% during the first quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust's stock worth $420,000 after purchasing an additional 3,954 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Armada Hoffler Properties by 23.2% during 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 last quarter. Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties in the 4th quarter valued at about $107,000. Finally, Caisse Des Depots ET Consignations acquired a new stake in Armada Hoffler Properties in the 4th quarter worth about $110,000. 66.35% of the stock is owned by institutional investors and hedge funds.

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.