Armada Hoffler Properties (NYSE:AHH) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Armada Hoffler Properties (NYSE:AHH) from a sell rating to a hold rating in a research report report published on Friday.

A number of other research analysts have also issued reports on AHH. Stifel Nicolaus initiated coverage on Armada Hoffler Properties in a report on Monday, July 15th. They issued a buy rating and a $12.75 target price for the company. Jefferies Financial Group downgraded Armada Hoffler Properties from a buy rating to a hold rating and lowered their price objective for the stock from $13.00 to $11.00 in a research report on Monday, July 15th.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $12.05 on Friday. Armada Hoffler Properties has a 52 week low of $9.81 and a 52 week high of $13.11. The company has a fifty day simple moving average of $11.77 and a two-hundred day simple moving average of $11.15. 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 market cap of $1.07 billion, a price-to-earnings ratio of 133.89 and a beta of 1.04.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be given a dividend of $0.205 per share. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 6.80%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 911.11%.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of $11.09 per share, with a total value of $49,905.00. Following the acquisition, the director now directly owns 21,486 shares of the company’s stock, valued at $238,279.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in shares of Armada Hoffler Properties by 224.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 2,853 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Armada Hoffler Properties in the second quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Armada Hoffler Properties during the second quarter worth about $55,000. Quarry LP increased its position in shares of Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Armada Hoffler Properties by 261.2% in the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 9,339 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.