Armada Hoffler Properties (NYSE:AHH) Hits New 12-Month Low – Here’s What Happened

Armada Hoffler Properties, Inc. (NYSE:AHH)’s stock price reached a new 52-week low on Monday . The stock traded as low as $6.01 and last traded at $5.9550, with a volume of 415133 shares traded. The stock had previously closed at $6.11.

Wall Street Analyst Weigh In

A number of research firms have commented on AHH. Stifel Nicolaus cut their price objective on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. UBS Group set a $7.50 price target on Armada Hoffler Properties in a research report on Wednesday, January 14th. Wall Street Zen downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Scotiabank boosted their price objective on Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a “sector perform” rating in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Armada Hoffler Properties has an average rating of “Hold” and an average price target of $7.80.

Armada Hoffler Properties Trading Up 0.2%

The stock has a market cap of $616.90 million, a PE ratio of -74.38 and a beta of 1.04. The company has a debt-to-equity ratio of 1.95, a quick ratio of 7.14 and a current ratio of 6.15. The company’s 50-day moving average price is $6.75 and its 200 day moving average price is $6.80.

Institutional Trading of Armada Hoffler Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted its stake in Armada Hoffler Properties by 99.3% during the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,173 shares during the period. Danske Bank A S acquired a new position in shares of Armada Hoffler Properties in the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC boosted its position in shares of Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 5,015 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in Armada Hoffler Properties in the 4th quarter valued at approximately $68,000. Finally, RPO LLC purchased a new stake in Armada Hoffler Properties in the fourth quarter valued at approximately $68,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

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.