Short Interest in Armada Hoffler Properties, Inc. (NYSE:AHH) Rises By 79.5%

Armada Hoffler Properties, Inc. (NYSE:AHH) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,190,000 shares, a growth of 79.5% from the December 15th total of 1,220,000 shares. Based on an average daily trading volume, of 713,600 shares, the days-to-cover ratio is presently 3.1 days.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares of the company’s stock, valued at $343,391.65. This represents a 16.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after buying an additional 56,777 shares during the period. FMR LLC boosted its stake in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after buying an additional 140,964 shares during the period. HGI Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 44.4% during the third quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after buying an additional 76,919 shares during the period. Barclays PLC boosted its stake in shares of Armada Hoffler Properties by 73.9% during the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after buying an additional 91,461 shares during the period. Finally, Quest Partners LLC boosted its stake in shares of Armada Hoffler Properties by 378.6% during the third quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 48,891 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $9.83 on Friday. The stock’s 50-day moving average is $10.59 and its two-hundred day moving average is $11.17. The firm has a market cap of $995.86 million, a price-to-earnings ratio of -46.78 and a beta of 1.03. Armada Hoffler Properties has a 1 year low of $9.26 and a 1 year high of $12.46. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. During the same period in the previous year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that Armada Hoffler Properties will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced 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 was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.35%. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.46%.

About Armada Hoffler Properties

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.