Armada Hoffler Properties (NYSE:AHH) Hits New 12-Month Low – Should You Sell?

Armada Hoffler Properties, Inc. (NYSE:AHH)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $7.47 and last traded at $7.64, with a volume of 2219873 shares changing hands. The stock had previously closed at $7.59.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their price target on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th.

Armada Hoffler Properties Trading Up 0.6 %

The firm has a market cap of $773.58 million, a PE ratio of 23.86 and a beta of 1.04. The firm has a fifty day simple moving average of $9.34 and a two-hundred day simple moving average of $10.46. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is currently 175.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Armada Hoffler Properties by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,190 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Armada Hoffler Properties by 6.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,316 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Armada Hoffler Properties by 23.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,551 shares during the period. Mutual of America Capital Management LLC boosted its stake in Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 1,862 shares in the last quarter. Finally, KBC Group NV grew its holdings 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 worth $53,000 after purchasing an additional 1,962 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.