Armada Hoffler Properties (NYSE:AHH) Sees Strong Trading Volume – Here’s Why

Armada Hoffler Properties, Inc. (NYSE:AHH) shares saw unusually-strong trading volume on Tuesday . Approximately 898,044 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 699,865 shares.The stock last traded at $6.3170 and had previously closed at $6.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AHH shares. Stifel Nicolaus lowered their target price on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group set a $7.50 target price on Armada Hoffler Properties in a research note on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.80.

Armada Hoffler Properties Trading Down 7.5%

The firm has a market cap of $660.41 million, a price-to-earnings ratio of 33.53 and a beta of 1.04. The company has a debt-to-equity ratio of 2.35, a quick ratio of 7.14 and a current ratio of 7.14. The company has a 50 day moving average price of $6.87 and a 200 day moving average price of $6.83.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Armada Hoffler Properties’s dividend payout ratio (DPR) is 294.74%.

Hedge Funds Weigh In On Armada Hoffler Properties

Hedge funds have recently made changes to their positions in the stock. RPO LLC purchased a new stake in Armada Hoffler Properties in the fourth quarter valued at approximately $68,000. Price T Rowe Associates Inc. MD grew its stake in shares of Armada Hoffler Properties by 55.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 168,063 shares of the real estate investment trust’s stock valued at $1,113,000 after buying an additional 60,101 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Armada Hoffler Properties by 1,877.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 29,902 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 28,390 shares during the period. California State Teachers Retirement System raised its holdings in shares of Armada Hoffler Properties by 12.3% in the 4th quarter. California State Teachers Retirement System now owns 82,689 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 9,040 shares during the period. Finally, State of Wisconsin Investment Board lifted its stake in Armada Hoffler Properties by 238.3% during the 4th quarter. State of Wisconsin Investment Board now owns 128,757 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 90,693 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.