Armada Hoffler Properties (NYSE:AHH) Raised to Sell at StockNews.com

StockNews.com upgraded shares of Armada Hoffler Properties (NYSE:AHH) to a sell rating in a research report released on Saturday morning.

Armada Hoffler Properties Price Performance

Shares of AHH opened at $11.01 on Friday. Armada Hoffler Properties has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The company has a market capitalization of $973.06 million, a P/E ratio of -220.16 and a beta of 0.97. The business’s 50-day moving average is $10.47 and its two-hundred day moving average is $11.15. The company has a debt-to-equity ratio of 2.35, a quick ratio of 9.55 and a current ratio of 9.55.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.59). Armada Hoffler Properties had a return on equity of 1.09% and a net margin of 1.12%. The business had revenue of $186.75 million for the quarter, compared to analyst estimates of $63.93 million. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. Research analysts predict that Armada Hoffler Properties will post 1.24 earnings per share for the current year.

Armada Hoffler Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a dividend of $0.205 per share. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend was Tuesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -1,639.67%.

Insider Buying and Selling

In other news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction on Friday, March 15th. The shares were bought at an average price of $10.37 per share, with a total value of $46,665.00. Following the completion of the transaction, the director now directly owns 12,005 shares in the company, valued at $124,491.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders acquired 7,129 shares of company stock worth $74,291. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp grew its position in shares of Armada Hoffler Properties by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,552 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Armada Hoffler Properties by 8.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 1,637 shares during the last quarter. Swiss National Bank raised its stake in shares of Armada Hoffler Properties by 1.3% during the third quarter. Swiss National Bank now owns 149,300 shares of the real estate investment trust’s stock worth $1,529,000 after purchasing an additional 1,900 shares during the last quarter. Quadrant Capital Group LLC grew its position in Armada Hoffler Properties by 224.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 2,853 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Armada Hoffler Properties by 1.5% during the 4th quarter. Federated Hermes Inc. now owns 207,498 shares of the real estate investment trust’s stock worth $2,567,000 after buying an additional 3,078 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.