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

StockNews.com cut shares of Armada Hoffler Properties (NYSE:AHH) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

A number of other research analysts also recently weighed in on AHH. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their target price for the stock from $13.00 to $11.00 in a report on Monday, July 15th. Stifel Nicolaus reduced their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a research note on Friday, September 27th.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $10.99 on Tuesday. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11. The company’s 50-day moving average is $11.58 and its 200 day moving average is $11.30. The stock has a market capitalization of $975.73 million, a P/E ratio of 122.11 and a beta of 1.03.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were given a $0.205 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.46%. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Daniel A. Hoffler acquired 95,238 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the transaction, the director now owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 27,149 shares in the company, valued at $294,566.65. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of institutional investors have recently made changes to their positions in the company. Great Lakes Advisors LLC purchased a new position in Armada Hoffler Properties in the 2nd quarter worth approximately $2,961,000. Seven Grand Managers LLC bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter worth $1,451,000. Mesirow Institutional Investment Management Inc. raised its stake in shares of Armada Hoffler Properties by 14.2% in the first quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock worth $10,912,000 after purchasing an additional 130,497 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Armada Hoffler Properties by 858.2% during the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after purchasing an additional 126,051 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Armada Hoffler Properties by 9.4% during the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after buying an additional 83,500 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) 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.