Armada Hoffler Properties (NYSE:AHH) Hits New 52-Week Low – What’s Next?

Armada Hoffler Properties, Inc. (NYSE:AHH) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $7.45 and last traded at $7.47, with a volume of 77797 shares changing hands. The stock had previously closed at $7.52.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their price objective on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th.

Armada Hoffler Properties Stock Down 1.3 %

The business has a 50-day moving average of $9.02 and a 200 day moving average of $10.24. The company has a market capitalization of $752.30 million, a PE ratio of 23.20 and a beta of 1.04. 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) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The business had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.54%. Armada Hoffler Properties’s payout ratio is currently 175.00%.

Insider Transactions at Armada Hoffler Properties

In related news, Director A Russell Kirk purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average price of $7.73 per share, for a total transaction of $386,500.00. Following the completion of the transaction, the director now owns 119,430 shares in the company, valued at approximately $923,193.90. The trade was a 72.01 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 90,383 shares of company stock worth $696,607 in the last three months. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

Several institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC raised its holdings in 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 buying an additional 2,000 shares during the period. Summit Investment Advisors Inc. increased its position in Armada Hoffler Properties by 23.2% during 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 acquiring an additional 1,551 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at $107,000. Caisse Des Depots ET Consignations bought a new stake in shares of Armada Hoffler Properties in the 4th quarter worth about $110,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Armada Hoffler Properties during the 4th quarter worth about $115,000. 66.35% of the stock is owned by institutional investors.

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.