Armada Hoffler Properties (NYSE:AHH) Reaches New 1-Year Low – Time to Sell?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) hit a new 52-week low during trading on Tuesday . The company traded as low as $9.84 and last traded at $9.88, with a volume of 98994 shares traded. The stock had previously closed at $9.95.

Analyst Ratings Changes

AHH has been the topic of a number of research reports. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

Armada Hoffler Properties Price Performance

The company has a market capitalization of $994.34 million, a price-to-earnings ratio of -46.71 and a beta of 1.03. The company has a 50-day moving average price of $10.72 and a 200-day moving average price of $11.21. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). The firm had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 EPS. On average, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were issued a $0.205 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.36%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -390.48%.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after purchasing an additional 140,964 shares during the period. Franklin Resources Inc. raised its stake in Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after buying an additional 158,625 shares during the period. Geode Capital Management LLC raised its stake in Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after buying an additional 56,777 shares during the period. Vision Capital Corp acquired a new stake in shares of Armada Hoffler Properties in the third quarter valued at approximately $11,913,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Armada Hoffler Properties by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock worth $6,737,000 after acquiring an additional 97,642 shares during the period. Institutional investors own 66.35% of the company’s stock.

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.