Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.08 and traded as low as $6.91. Armada Hoffler Properties shares last traded at $6.93, with a volume of 841,927 shares changing hands.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a research report on Friday, June 27th. They issued a "buy" rating and a $8.00 price objective on the stock. Scotiabank cut their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus cut their price objective on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on Armada Hoffler Properties
Armada Hoffler Properties Stock Performance
The stock has a market capitalization of $702.15 million, a P/E ratio of 86.64 and a beta of 1.10. The company's 50-day moving average is $7.01 and its two-hundred day moving average is $8.08. The company has a current ratio of 12.47, a quick ratio of 12.47 and a debt-to-equity ratio of 2.03.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. The company had revenue of $63.80 million for the quarter, compared to the consensus estimate of $63.18 million. As a group, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.
Armada Hoffler Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.08%. Armada Hoffler Properties's dividend payout ratio (DPR) is 700.00%.
Institutional Trading of Armada Hoffler Properties
Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of Armada Hoffler Properties by 9,145.7% in the 4th quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust's stock worth $399,000 after purchasing an additional 38,595 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Armada Hoffler Properties in the 4th quarter worth approximately $202,000. Amundi raised its holdings in shares of Armada Hoffler Properties by 18.9% in the 4th quarter. Amundi now owns 41,642 shares of the real estate investment trust's stock worth $409,000 after purchasing an additional 6,615 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Armada Hoffler Properties by 23.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,776 shares of the real estate investment trust's stock worth $458,000 after purchasing an additional 8,372 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Armada Hoffler Properties in the 4th quarter worth approximately $2,239,000. 66.35% of the stock is currently owned by institutional investors.
About Armada Hoffler Properties
(
Get Free Report)
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.
Further Reading
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