Armada Hoffler Properties (NYSE:AHH) Sets New 1-Year Low – Should You Sell?

Armada Hoffler Properties, Inc. (NYSE:AHH)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $9.94 and last traded at $10.16, with a volume of 106932 shares changing hands. The stock had previously closed at $10.17.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price target on 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 Stock Performance

The stock has a market capitalization of $1.03 billion, a P/E ratio of -48.24 and a beta of 1.03. The stock’s 50-day simple moving average is $10.92 and its 200 day simple moving average is $11.28. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17.

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

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 26th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 8.09%. The ex-dividend date of this dividend is Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio is -390.48%.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

Institutional investors and hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at approximately $46,000. KBC Group NV raised its position in Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Armada Hoffler Properties during the second quarter worth $55,000. Quarry LP boosted its holdings in shares of Armada Hoffler Properties by 446.4% in the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Armada Hoffler Properties in the 3rd quarter valued at $108,000. 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.