Armada Hoffler Properties (NYSE:AHH) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Armada Hoffler Properties (NYSE:AHH) from a hold rating to a sell rating in a report issued on Tuesday morning.

Several other research firms have also recently commented on AHH. Stifel Nicolaus cut their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday, September 27th. Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their target price for the company from $13.00 to $11.00 in a research note on Monday, July 15th.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $11.10 on Tuesday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. The firm’s 50-day moving average is $11.56 and its 200-day moving average is $11.30. Armada Hoffler Properties has a 52-week low of $9.81 and a 52-week high of $13.11. The company has a market cap of $985.49 million, a price-to-earnings ratio of 123.33 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.39%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 911.11%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Daniel A. Hoffler bought 95,238 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $10.50 per share, with a total value of $999,999.00. Following the acquisition, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel A. Hoffler bought 95,238 shares of the stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the acquisition, the director now owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AHH. Vanguard Group Inc. raised its stake in shares of Armada Hoffler Properties by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after acquiring an additional 65,300 shares during the last quarter. Mesirow Institutional Investment Management Inc. raised its position in Armada Hoffler Properties by 0.9% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 1,058,787 shares of the real estate investment trust’s stock valued at $11,742,000 after purchasing an additional 9,599 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Armada Hoffler Properties by 9.4% in the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after purchasing an additional 83,500 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Armada Hoffler Properties by 5.3% during the first quarter. Principal Financial Group Inc. now owns 369,976 shares of the real estate investment trust’s stock worth $3,848,000 after purchasing an additional 18,692 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Armada Hoffler Properties by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 354,773 shares of the real estate investment trust’s stock valued at $3,690,000 after buying an additional 9,119 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

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.