Armada Hoffler Properties (NYSE:AHH) Shares Gap Down to $10.98

Armada Hoffler Properties, Inc. (NYSE:AHH)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $10.98, but opened at $10.72. Armada Hoffler Properties shares last traded at $10.77, with a volume of 39,196 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd.

Armada Hoffler Properties Trading Up 0.7 %

The firm’s 50-day simple moving average is $11.08 and its 200 day simple moving average is $11.30. The firm has a market capitalization of $976.14 million, a price-to-earnings ratio of 122.18 and a beta of 1.02. The company has a debt-to-equity ratio of 2.41, a current ratio of 9.54 and a quick ratio of 9.54.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The firm had revenue of $61.88 million for the quarter, compared to analyst estimates of $61.55 million. Armada Hoffler Properties had a net margin of 2.76% and a return on equity of 2.96%. Equities analysts expect that Armada Hoffler Properties, Inc. will post 1.25 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, June 26th. This represents a $0.82 dividend on an annualized basis and a yield of 7.46%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 911.21%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, insider Eric E. Apperson sold 40,000 shares of Armada Hoffler Properties stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $11.59, for a total value of $463,600.00. Following the completion of the sale, the insider now directly owns 53,867 shares of the company’s stock, valued at $624,318.53. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Armada Hoffler Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after purchasing an additional 65,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Armada Hoffler Properties by 8.7% during the fourth 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 in the last quarter. Invesco Ltd. raised its holdings in shares of Armada Hoffler Properties by 11.8% in the 3rd quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock worth $11,663,000 after acquiring an additional 120,132 shares during the last quarter. Mesirow Institutional Investment Management Inc. lifted its position in Armada Hoffler Properties by 14.2% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock valued at $10,912,000 after acquiring an additional 130,497 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after purchasing an additional 83,500 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

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.