Armada Hoffler Properties (NYSE:AHH) Reaches New 12-Month Low – Time to Sell?

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AHH. Stifel Nicolaus boosted their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Price Performance

The firm has a fifty day simple moving average of $10.77 and a 200 day simple moving average of $11.23. The company has a market capitalization of $1.01 billion, a PE ratio of -47.28 and a beta of 1.03. 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 announced 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). The business had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. Armada Hoffler Properties’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. Equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The company 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. This represents a $0.82 annualized dividend and a yield of 8.26%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio is currently -390.48%.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now owns 31,649 shares in the company, valued at $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 11.90% of the company’s stock.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in AHH. JPMorgan Chase & Co. boosted its holdings in Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after purchasing an additional 97,642 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of 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 worth $20,989,000 after buying an additional 158,625 shares during the last quarter. Geode Capital Management LLC raised its position in Armada Hoffler Properties by 3.3% during 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 acquiring an additional 56,777 shares in the last quarter. Barclays PLC lifted its holdings in Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock valued at $2,329,000 after acquiring an additional 91,461 shares during the period. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Armada Hoffler Properties by 37.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,459 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 11,465 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

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.