Short Interest in Armada Hoffler Properties, Inc. (NYSE:AHH) Grows By 38.8%

Armada Hoffler Properties, Inc. (NYSE:AHH) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 3,113,849 shares, an increase of 38.8% from the November 30th total of 2,243,727 shares. Based on an average daily volume of 1,118,866 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.4% of the company’s stock are sold short. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 1,118,866 shares, the days-to-cover ratio is currently 2.8 days.

Armada Hoffler Properties Stock Performance

Shares of AHH stock traded down $0.08 during trading hours on Wednesday, reaching $6.62. 1,380,855 shares of the company’s stock were exchanged, compared to its average volume of 907,413. Armada Hoffler Properties has a fifty-two week low of $6.01 and a fifty-two week high of $10.27. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $686.36 million, a P/E ratio of 34.84 and a beta of 1.06. The business has a fifty day moving average price of $6.54 and a 200-day moving average price of $6.85.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Armada Hoffler Properties had a net margin of 6.77% and a return on equity of 4.43%. The business had revenue of $72.15 million for the quarter, compared to analyst estimates of $66.23 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. Analysts predict that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 8.5%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 294.74%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AHH. Wall Street Zen downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Scotiabank reduced their price objective on shares of Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Armada Hoffler Properties currently has a consensus rating of “Hold” and a consensus price target of $8.13.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds have recently modified their holdings of AHH. GAMMA Investing LLC raised its stake in shares of Armada Hoffler Properties by 464.9% in the second quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 3,426 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Armada Hoffler Properties by 99.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 3,173 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Armada Hoffler Properties by 172.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,015 shares in the last quarter. Inscription Capital LLC acquired a new position in shares of Armada Hoffler Properties in the 3rd quarter valued at $72,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of Armada Hoffler Properties during the 2nd quarter worth about $77,000. Institutional investors own 66.35% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.