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

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

Armada Hoffler Properties Trading Up 1.6 %

NYSE AHH opened at $9.83 on Friday. The firm’s fifty day moving average price is $10.59 and its 200 day moving average price is $11.17. Armada Hoffler Properties has a 12 month low of $9.26 and a 12 month high of $12.46. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The company has a market capitalization of $995.86 million, a price-to-earnings ratio of -46.78 and a beta of 1.03.

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. On average, sell-side analysts expect that Armada Hoffler Properties will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio is currently -390.46%.

Analysts Set New Price Targets

A number of analysts have issued reports on AHH shares. Stifel Nicolaus lifted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Insider Activity at Armada Hoffler Properties

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

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds have recently modified their holdings of AHH. Point72 DIFC Ltd purchased a new stake in Armada Hoffler Properties in the 2nd quarter valued at $46,000. KBC Group NV increased its stake in Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Armada Hoffler Properties in the second quarter valued at about $55,000. Quarry LP raised its holdings in shares of Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 4,790 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Armada Hoffler Properties during the third quarter worth about $108,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

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.