Armada Hoffler Properties (NYSE:AHH) Reaches New 12-Month Low – Here’s Why

Armada Hoffler Properties, Inc. (NYSE:AHH) shares hit a new 52-week low on Tuesday . The company traded as low as $7.47 and last traded at $7.64, with a volume of 2219873 shares changing hands. The stock had previously closed at $7.59.

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 report on Friday, February 28th.

Armada Hoffler Properties Price Performance

The stock’s fifty day moving average price is $9.26 and its two-hundred day moving average price is $10.41. The firm has a market capitalization of $790.90 million, a price-to-earnings ratio of 24.39 and a beta of 1.04. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly 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 net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 7.17%. Armada Hoffler Properties’s dividend payout ratio is currently 175.00%.

Insider Buying and Selling

In related news, Director A Russell Kirk purchased 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the purchase, the director now directly owns 49,430 shares of the company’s stock, valued at $377,645.20. The trade was a 154.40 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AHH. KBC Group NV grew its position in Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,962 shares during the last quarter. Quest Partners LLC grew its position in Armada Hoffler Properties by 378.6% during the 3rd quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 48,891 shares during the last quarter. Intech Investment Management LLC grew its position in Armada Hoffler Properties by 130.5% during the 3rd quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust’s stock worth $381,000 after purchasing an additional 19,925 shares during the last quarter. Algert Global LLC grew its position in Armada Hoffler Properties by 77.8% during the 3rd quarter. Algert Global LLC now owns 250,247 shares of the real estate investment trust’s stock worth $2,710,000 after purchasing an additional 109,509 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in Armada Hoffler Properties by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 86,339 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 16,120 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

About Armada Hoffler Properties

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.