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 report published on Saturday morning.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock traded up $0.10 during midday trading on Friday, hitting $10.83. The company had a trading volume of 449,816 shares, compared to its average volume of 353,343. Armada Hoffler Properties has a 1-year low of $9.81 and a 1-year high of $13.11. The business’s 50 day simple moving average is $10.45 and its two-hundred day simple moving average is $11.14. The company has a current ratio of 9.55, a quick ratio of 9.55 and a debt-to-equity ratio of 2.35.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share (EPS) 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 company had revenue of $186.75 million during the quarter, compared to analyst estimates of $63.93 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, equities research analysts anticipate that Armada Hoffler Properties will post 1.24 earnings per share for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.57%. Armada Hoffler Properties’s payout ratio is currently -1,639.67%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $10.37 per share, with a total value of $46,665.00. Following the purchase, the director now directly owns 12,005 shares in the company, valued at $124,491.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired 7,129 shares of company stock valued at $74,291 in the last 90 days. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

Institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its stake in Armada Hoffler Properties by 40.6% during the third quarter. First Eagle Investment Management LLC now owns 814,806 shares of the real estate investment trust’s stock worth $8,344,000 after buying an additional 235,474 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Armada Hoffler Properties by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 346,559 shares of the real estate investment trust’s stock worth $4,287,000 after acquiring an additional 168,426 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Armada Hoffler Properties by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock worth $19,193,000 after acquiring an additional 124,204 shares during the last quarter. Invesco Ltd. increased its holdings in Armada Hoffler Properties by 11.8% during the 3rd quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock valued at $11,663,000 after purchasing an additional 120,132 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. increased its holdings in Armada Hoffler Properties by 11.3% during the 3rd quarter. Mesirow Institutional Investment Management Inc. now owns 918,413 shares of the real estate investment trust’s stock valued at $9,405,000 after purchasing an additional 93,185 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Company Profile

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.