By otakuyassine3@gmail.com 
Armada Hoffler Properties, Inc. (NYSE:AHH – Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,220,000 shares, a growth of 11.9% from the November 30th total of 1,090,000 shares. Based on an average trading volume of 790,100 shares, the days-to-cover ratio is presently 1.5 days.
Armada Hoffler Properties Trading Up 1.5 %
Armada Hoffler Properties stock traded up $0.15 during mid-day trading on Wednesday, hitting $10.23. The company’s stock had a trading volume of 767,256 shares, compared to its average volume of 527,122. Armada Hoffler Properties has a one year low of $9.88 and a one year high of $12.60. The company has a 50 day moving average of $10.84 and a 200-day moving average of $11.26. The stock has a market cap of $1.04 billion, a PE ratio of -48.71 and a beta of 1.03. 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 – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $65.01 million. During the same period in the previous year, the company posted $0.31 EPS. Armada Hoffler Properties’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts anticipate that Armada Hoffler Properties will post 1.27 EPS for the current year.
Armada Hoffler Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th will be issued a $0.205 dividend. The ex-dividend date is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.02%. Armada Hoffler Properties’s dividend payout ratio is presently -390.48%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on AHH shares. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th.
Check Out Our Latest Stock Analysis on Armada Hoffler Properties
Insider Activity at Armada Hoffler Properties
In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. 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 directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This represents a 16.58 % increase in their position. The acquisition 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 company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after buying an additional 97,642 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after purchasing an additional 158,625 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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. Barclays PLC increased its holdings in Armada Hoffler Properties by 73.9% in the 3rd quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock valued at $2,329,000 after purchasing an additional 91,461 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its stake in Armada Hoffler Properties by 37.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 42,459 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 11,465 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.
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.
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