Armada Hoffler Properties (NYSE:AHH) Sees Strong Trading Volume – Should You Buy?

Armada Hoffler Properties, Inc. (NYSE:AHH) saw an uptick in trading volume on Monday . 437,214 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 469,780 shares.The stock last traded at $10.87 and had previously closed at $10.91.

Analyst Upgrades and Downgrades

AHH has been the topic of several recent research reports. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.00 to $11.00 in a research report on Monday, July 15th. StockNews.com raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus reduced their target price on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday, September 27th.

Armada Hoffler Properties Stock Performance

The company’s fifty day simple moving average is $11.60 and its 200 day simple moving average is $11.27. The stock has a market capitalization of $993.48 million, a P/E ratio of 124.33 and a beta of 1.03. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors 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 7.33%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 911.11%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Armada Hoffler Properties

Large investors have recently added to or reduced their stakes in the company. Great Lakes Advisors LLC purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter worth about $2,961,000. Mesirow Institutional Investment Management Inc. raised its holdings in shares of Armada Hoffler Properties by 14.2% during 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 buying an additional 130,497 shares in the last quarter. Algert Global LLC lifted its position in Armada Hoffler Properties by 858.2% in 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 during the last quarter. 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 worth $10,098,000 after buying an additional 83,500 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Armada Hoffler Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after acquiring an additional 65,300 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.