Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Update

Armada Hoffler Properties, Inc. (NYSE:AHH) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,270,000 shares, a growth of 22.0% from the February 28th total of 1,860,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 959,200 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

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

Armada Hoffler Properties Price Performance

Shares of NYSE AHH traded up $0.05 during trading on Wednesday, hitting $7.47. The company had a trading volume of 112,909 shares, compared to its average volume of 886,842. The company has a market cap of $756.35 million, a P/E ratio of 23.30 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The business’s 50-day moving average is $8.88 and its 200 day moving average is $10.13. Armada Hoffler Properties has a 52 week low of $7.35 and a 52 week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. The business had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities research analysts predict that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

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

Insider Transactions at Armada Hoffler Properties

In other news, Director A Russell Kirk purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $7.73 per share, with a total value of $386,500.00. Following the purchase, the director now owns 119,430 shares in the company, valued at $923,193.90. This trade represents a 72.01 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders bought 90,383 shares of company stock worth $696,607. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Armada Hoffler Properties by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after purchasing an additional 829,392 shares during the period. FMR LLC increased its stake in 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 buying an additional 140,964 shares during the period. Franklin Resources Inc. lifted its position in Armada Hoffler Properties by 9.0% in 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 buying an additional 173,149 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 15.3% during 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 buying an additional 269,367 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in shares of Armada Hoffler Properties by 118.4% during 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 acquiring an additional 713,010 shares in 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.