Armada Hoffler Properties (NYSE:AHH) Sees Unusually-High Trading Volume

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) saw unusually-high trading volume on Monday . Approximately 690,774 shares traded hands during mid-day trading, an increase of 54% from the previous session’s volume of 447,546 shares.The stock last traded at $10.99 and had previously closed at $10.92.

Analyst Ratings Changes

Several research analysts have recently issued reports on AHH shares. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.00 to $11.00 in a research note on Monday, July 15th. StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus dropped their target price on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a research note on Friday.

Armada Hoffler Properties Price Performance

The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The firm’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $11.23. The stock has a market capitalization of $956.19 million, a PE ratio of 122.22 and a beta of 1.04.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.205 per share. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 7.61%. Armada Hoffler Properties’s payout ratio is 911.11%.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, July 10th. The stock was acquired at an average cost of $11.09 per share, with a total value of $49,905.00. Following the completion of the acquisition, the director now owns 21,486 shares in the company, valued at $238,279.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.90% of the stock is owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in shares of Armada Hoffler Properties in the second quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Armada Hoffler Properties in the 2nd quarter worth approximately $55,000. Quarry LP boosted its stake in Armada Hoffler Properties by 446.4% in the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 4,790 shares during the period. ProShare Advisors LLC grew its holdings in Armada Hoffler Properties by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 934 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Armada Hoffler Properties by 261.2% during the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 9,339 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

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.