Armada Hoffler Properties (NYSE:AHH) Shares Gap Down – What’s Next?

Armada Hoffler Properties, Inc. (NYSE:AHH) gapped down prior to trading on Thursday . The stock had previously closed at $8.70, but opened at $8.35. Armada Hoffler Properties shares last traded at $8.00, with a volume of 279,271 shares traded.

Analyst Ratings Changes

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 note on Friday, February 28th.

Armada Hoffler Properties Stock Performance

The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The company has a market cap of $786.95 million, a P/E ratio of 24.30 and a beta of 1.04. The company has a 50 day moving average price of $9.49 and a 200-day moving average price of $10.57.

Armada Hoffler Properties (NYSE:AHH) 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. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. On average, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 7.21%. Armada Hoffler Properties’s dividend payout ratio is currently 256.25%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vision Capital Corp bought a new position in Armada Hoffler Properties in the third quarter valued at about $11,913,000. Sound Income Strategies LLC bought a new position in Armada Hoffler Properties in the 4th quarter valued at approximately $9,049,000. Vanguard Group Inc. boosted its position in Armada Hoffler Properties by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after buying an additional 829,392 shares during the period. Nuveen Asset Management LLC grew its holdings in Armada Hoffler Properties by 118.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock worth $13,453,000 after acquiring an additional 713,010 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Armada Hoffler Properties by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after acquiring an additional 269,367 shares during the period. 66.35% of the stock is currently 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.