Armada Hoffler Properties (NYSE:AHH) Reaches New 12-Month Low – Time to Sell?

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

Wall Street Analyst Weigh In

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

Armada Hoffler Properties Trading Down 1.4 %

The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The stock has a market cap of $768.61 million, a P/E ratio of 23.71 and a beta of 1.04. The business’s 50 day simple moving average is $9.49 and its two-hundred day simple moving average is $10.57.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The business had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. As a group, analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 7.38%. Armada Hoffler Properties’s dividend payout ratio is currently 256.25%.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of institutional investors and hedge funds have recently made changes to their positions in AHH. Steward Partners Investment Advisory LLC increased its stake in Armada Hoffler Properties by 80.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,000 shares during the last quarter. KBC Group NV lifted its stake in Armada Hoffler Properties by 66.0% in the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,962 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Armada Hoffler Properties in the 4th quarter worth approximately $107,000. Finally, Versor Investments LP purchased a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at $108,000. 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.