Armada Hoffler Properties (NYSE:AHH) Hits New 12-Month High at $19.09

Armada Hoffler Properties Inc (NYSE:AHH) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.09 and last traded at $18.98, with a volume of 1007 shares. The stock had previously closed at $18.86.

Several research firms recently issued reports on AHH. Zacks Investment Research cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

The company’s 50-day moving average is $18.37 and its 200-day moving average is $17.82. The company has a debt-to-equity ratio of 1.75, a current ratio of 13.02 and a quick ratio of 13.02. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 2.92 and a beta of 0.43.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The business had revenue of $42.22 million for the quarter, compared to analyst estimates of $38.74 million. Armada Hoffler Properties had a net margin of 12.78% and a return on equity of 5.46%. Sell-side analysts anticipate that Armada Hoffler Properties Inc will post 1.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 23rd were given a dividend of $0.21 per share. The ex-dividend date was Friday, December 20th. This represents a $0.84 dividend on an annualized basis and a yield of 4.47%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 81.55%.

A number of hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Armada Hoffler Properties by 316.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,843 shares of the real estate investment trust’s stock valued at $236,000 after buying an additional 9,756 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Armada Hoffler Properties by 7.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 230,593 shares of the real estate investment trust’s stock valued at $4,231,000 after buying an additional 16,479 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Armada Hoffler Properties by 17.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 19,634 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 2,890 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Armada Hoffler Properties by 28.2% during the fourth quarter. State of Alaska Department of Revenue now owns 57,434 shares of the real estate investment trust’s stock worth $1,053,000 after purchasing an additional 12,634 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Armada Hoffler Properties by 417.2% during the third quarter. Millennium Management LLC now owns 341,575 shares of the real estate investment trust’s stock worth $6,179,000 after purchasing an additional 275,532 shares in the last quarter. 84.87% of the stock is currently owned by hedge funds and other institutional investors.

About Armada Hoffler Properties (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.

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