Armada Hoffler Properties Inc (NYSE:AHH)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $17.52 and last traded at $17.44, with a volume of 391958 shares trading hands. The stock had previously closed at $17.25.
AHH has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, July 30th. Zacks Investment Research lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, ValuEngine lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, June 27th.
The company has a current ratio of 12.83, a quick ratio of 12.83 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $16.90 and a 200 day simple moving average of $16.16. The stock has a market capitalization of $913.94 million, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.46.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The company had revenue of $36.38 million for the quarter, compared to the consensus estimate of $34.01 million. Armada Hoffler Properties had a return on equity of 4.16% and a net margin of 10.16%. As a group, research analysts forecast that Armada Hoffler Properties Inc will post 1.16 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Tuesday, September 24th. Armada Hoffler Properties’s dividend payout ratio is currently 81.55%.
In related news, Director James C. Cherry acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average cost of $25.00 per share, with a total value of $125,000.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $125,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael P. O’hara acquired 6,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average cost of $25.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the insider now directly owns 6,000 shares in the company, valued at approximately $150,000. The disclosure for this purchase can be found here. Insiders own 13.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in AHH. BlackRock Inc. grew its holdings in shares of Armada Hoffler Properties by 3.7% in the second quarter. BlackRock Inc. now owns 7,974,054 shares of the real estate investment trust’s stock valued at $131,970,000 after acquiring an additional 282,247 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Armada Hoffler Properties by 4.9% during the second quarter. Vanguard Group Inc. now owns 5,748,489 shares of the real estate investment trust’s stock worth $95,137,000 after acquiring an additional 269,099 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Armada Hoffler Properties by 51.3% during the second quarter. Wells Fargo & Company MN now owns 650,760 shares of the real estate investment trust’s stock worth $10,770,000 after acquiring an additional 220,659 shares in the last quarter. HGI Capital Management LLC purchased a new stake in shares of Armada Hoffler Properties during the first quarter worth $2,664,000. Finally, Virtus ETF Advisers LLC purchased a new stake in shares of Armada Hoffler Properties during the second quarter worth $2,773,000. 84.17% of the stock is owned by institutional investors.
Armada Hoffler Properties Company Profile (NYSE:AHH)
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
Further Reading: Return on Equity (ROE)
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