Armada Hoffler Properties (NYSE:AHH) Sets New 12-Month Low – Should You Sell?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) hit a new 52-week low during trading on Wednesday . The company traded as low as $8.68 and last traded at $8.67, with a volume of 102185 shares traded. The stock had previously closed at $8.73.

Wall Street Analyst Weigh In

Separately, Scotiabank decreased their target price on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th.

Armada Hoffler Properties Trading Down 0.5 %

The company has a market capitalization of $880.27 million, a price-to-earnings ratio of 27.14 and a beta of 1.04. The business’s 50 day simple moving average is $9.52 and its 200 day simple moving average is $10.59. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data 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 firm 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%. Research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.44%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 256.25%.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of hedge funds have recently added to or reduced their stakes in AHH. Van ECK Associates Corp boosted its stake in shares of Armada Hoffler Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 1,251 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Armada Hoffler Properties during the 3rd quarter worth $292,000. Versor Investments LP acquired a new position in shares of Armada Hoffler Properties during the 3rd quarter worth $108,000. GSA Capital Partners LLP purchased a new position in shares of Armada Hoffler Properties in the 3rd quarter valued at about $1,156,000. Finally, KBC Group NV lifted its stake in shares of Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

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.