Armada Hoffler Properties, Inc. (NYSE:AHH) Sees Large Decrease in Short Interest

Armada Hoffler Properties, Inc. (NYSE:AHH) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,120,000 shares, a drop of 7.4% from the August 15th total of 1,210,000 shares. Based on an average daily volume of 426,200 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

AHH has been the subject of several recent research reports. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price target for the company from $13.00 to $11.00 in a research note on Monday, July 15th. Stifel Nicolaus started coverage on shares of Armada Hoffler Properties in a research report on Monday, July 15th. They issued a “buy” rating and a $12.75 target price for the company. Finally, StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th.

Armada Hoffler Properties Trading Up 0.2 %

Shares of NYSE:AHH opened at $12.08 on Thursday. The business’s 50 day simple moving average is $11.79 and its 200 day simple moving average is $11.16. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The company has a market capitalization of $1.07 billion, a P/E ratio of 134.22 and a beta of 1.04.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 6.79%. Armada Hoffler Properties’s payout ratio is 911.11%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were purchased at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the acquisition, the director now directly owns 21,486 shares in the company, valued at $238,279.74. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

Several hedge funds have recently bought and sold shares of AHH. Great Lakes Advisors LLC acquired a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth approximately $2,961,000. Mesirow Institutional Investment Management Inc. increased its stake in shares of Armada Hoffler Properties by 14.2% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock valued at $10,912,000 after purchasing an additional 130,497 shares during the last quarter. Algert Global LLC raised its holdings in shares of Armada Hoffler Properties by 858.2% during the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock worth $1,561,000 after buying an additional 126,051 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Armada Hoffler Properties by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock worth $19,193,000 after buying an additional 124,204 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Armada Hoffler Properties by 9.4% in 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 in the last quarter. 66.35% of the stock is owned by institutional investors.

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.