Armada Hoffler Properties (NYSE:AHH) Sets New 1-Year Low – Here’s Why

Armada Hoffler Properties, Inc. (NYSE:AHH)’s stock price reached a new 52-week low on Friday . The stock traded as low as $7.45 and last traded at $7.47, with a volume of 77797 shares trading hands. The stock had previously closed at $7.52.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered their target price on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th.

Armada Hoffler Properties Stock Performance

The stock’s 50 day moving average is $8.97 and its two-hundred day moving average is $10.20. The stock has a market capitalization of $756.35 million, a price-to-earnings ratio of 23.33 and a beta of 1.04. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 7.50%. Armada Hoffler Properties’s dividend payout ratio is currently 175.00%.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 50,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the purchase, the director now directly owns 119,430 shares in the company, valued at approximately $923,193.90. This represents a 72.01 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired 90,383 shares of company stock worth $696,607 over the last ninety days. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Armada Hoffler Properties by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after buying an additional 829,392 shares during the last quarter. FMR LLC grew its position in shares of Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after acquiring an additional 140,964 shares during the period. Franklin Resources Inc. increased its stake in shares of Armada Hoffler Properties by 9.0% during the 4th quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust’s stock worth $21,542,000 after purchasing an additional 173,149 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Armada Hoffler Properties by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after purchasing an additional 269,367 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in Armada Hoffler Properties by 118.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock valued at $13,453,000 after purchasing an additional 713,010 shares during the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

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.