Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Up 37.0% in September

Armada Hoffler Properties, Inc. (NYSE:AHH) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,270,000 shares, a growth of 37.0% from the September 15th total of 927,000 shares. Based on an average daily trading volume, of 546,600 shares, the days-to-cover ratio is presently 2.3 days.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Great Lakes Advisors LLC purchased a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth $2,961,000. Mesirow Institutional Investment Management Inc. raised its stake in 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 acquiring an additional 130,497 shares during the last quarter. Algert Global LLC raised its stake in 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 valued at $1,561,000 after acquiring an additional 126,051 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Armada Hoffler Properties by 9.4% during the 1st 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 acquiring an additional 83,500 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Armada Hoffler Properties by 0.8% during the 1st 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. Institutional investors and hedge funds own 66.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AHH. Stifel Nicolaus cut their target price on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a research note on Friday, September 27th. StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their price objective for the stock from $13.00 to $11.00 in a research report on Monday, July 15th.

Armada Hoffler Properties Stock Up 3.0 %

NYSE AHH traded up $0.33 on Tuesday, hitting $11.19. The stock had a trading volume of 745,401 shares, compared to its average volume of 473,892. The business’s fifty day moving average price is $11.60 and its 200 day moving average price is $11.27. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. Armada Hoffler Properties has a 52-week low of $9.81 and a 52-week high of $13.11. The stock has a market cap of $993.48 million, a price-to-earnings ratio of 120.56 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were given a $0.205 dividend. The ex-dividend date of this dividend 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 currently 911.11%.

Armada Hoffler Properties Company Profile

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.