Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Update

Armada Hoffler Properties, Inc. (NYSE:AHH) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,120,000 shares, a decrease of 7.4% from the August 15th total of 1,210,000 shares. Based on an average trading volume of 426,200 shares, the short-interest ratio is presently 2.6 days.

Insider Buying and Selling

In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the purchase, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The transaction was disclosed in a filing with the SEC, which is available at this link. 11.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

Several large investors have recently modified their holdings of the stock. Point72 DIFC Ltd bought a new position in Armada Hoffler Properties during the second quarter valued at $46,000. Cubist Systematic Strategies LLC purchased a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at $619,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Armada Hoffler Properties during the 2nd quarter worth $55,000. Quarry LP raised its stake in Armada Hoffler Properties by 446.4% in the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 4,790 shares during the period. Finally, Algert Global LLC lifted its holdings in Armada Hoffler Properties by 858.2% during the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after purchasing an additional 126,051 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

AHH traded up $0.13 during trading on Wednesday, hitting $12.18. 186,394 shares of the company traded hands, compared to its average volume of 418,293. Armada Hoffler Properties has a one year low of $9.81 and a one year high of $13.11. The stock’s fifty day moving average is $11.77 and its 200 day moving average is $11.15. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The firm has a market cap of $1.08 billion, a P/E ratio of 135.67 and a beta of 1.04.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

Wall Street Analysts Forecast Growth

AHH has been the subject of several analyst reports. Stifel Nicolaus assumed coverage on shares of Armada Hoffler Properties in a report on Monday, July 15th. They issued a “buy” rating and a $12.75 target price for the company. 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 lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their target price for the company from $13.00 to $11.00 in a report on Monday, July 15th.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.