Armada Hoffler Properties (NYSE:AHH) Downgraded by Jefferies Financial Group

Jefferies Financial Group lowered shares of Armada Hoffler Properties (NYSE:AHH) from a buy rating to a hold rating in a research note published on Monday morning, Marketbeat.com reports. The firm currently has $11.00 target price on the real estate investment trust’s stock, down from their previous target price of $13.00.

Separately, StockNews.com upgraded Armada Hoffler Properties from a sell rating to a hold rating in a research note on Thursday, May 23rd.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $11.79 on Monday. Armada Hoffler Properties has a 12 month low of $9.81 and a 12 month high of $13.11. The stock has a fifty day moving average price of $11.23 and a 200-day moving average price of $11.15. The company has a current ratio of 9.54, a quick ratio of 9.54 and a debt-to-equity ratio of 2.41. The firm has a market cap of $1.05 billion, a PE ratio of 131.00 and a beta of 1.03.

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

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Wednesday, June 26th were paid a $0.205 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $0.82 dividend on an annualized basis and a yield of 6.96%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 911.11%.

Insider Buying and Selling

In other news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, July 10th. The stock was bought at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the purchase, the director now directly owns 21,486 shares of the company’s stock, valued at approximately $238,279.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of $11.09 per share, with a total value of $49,905.00. Following the transaction, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric E. Apperson sold 40,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $11.59, for a total value of $463,600.00. Following the sale, the insider now directly owns 53,867 shares in the company, valued at $624,318.53. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its position in shares of Armada Hoffler Properties by 224.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 2,853 shares during the period. Van ECK Associates Corp grew its position in shares of Armada Hoffler Properties by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,552 shares during the period. ProShare Advisors LLC grew its position in shares of 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 acquiring an additional 934 shares during the period. Cetera Advisors LLC grew its position in shares of Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,872 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Armada Hoffler Properties during the 1st quarter valued at about $167,000. 66.35% of the stock is owned by institutional investors and hedge funds.

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.