Armada Hoffler Properties, Inc. (NYSE:AHH) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totalling 620,600 shares, a growth of 19.8% from the October 15th total of 518,000 shares. Based on an average trading volume of 256,100 shares, the short-interest ratio is currently 2.4 days.
A number of equities research analysts have recently commented on AHH shares. ValuEngine downgraded Armada Hoffler Properties from a "sell" rating to a "strong sell" rating in a research report on Wednesday, October 14th. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a "sell" rating to a "hold" rating in a report on Friday, November 6th. Finally, Bank of America boosted their target price on shares of Armada Hoffler Properties from $10.00 to $10.50 and gave the company a "neutral" rating in a report on Monday, November 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Armada Hoffler Properties presently has an average rating of "Hold" and an average target price of $10.38.
The company's fifty day simple moving average is $9.38 and its two-hundred day simple moving average is $9.45. The company has a debt-to-equity ratio of 1.56, a current ratio of 15.37 and a quick ratio of 15.37. Armada Hoffler Properties has a 1-year low of $6.40 and a 1-year high of $19.43. The firm has a market cap of $834.49 million, a price-to-earnings ratio of 23.53 and a beta of 0.66.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, November 10th. The real estate investment trust reported $0.11 EPS for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.03. Armada Hoffler Properties had a return on equity of 6.91% and a net margin of 10.98%. Equities research analysts forecast that Armada Hoffler Properties will post 1.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 30th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Tuesday, December 29th. Armada Hoffler Properties's dividend payout ratio is presently 37.61%.
Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Armada Hoffler Properties by 2.6% in the third quarter. BlackRock Inc. now owns 10,866,538 shares of the real estate investment trust's stock valued at $100,625,000 after purchasing an additional 271,577 shares during the period. Vanguard Group Inc. boosted its position in Armada Hoffler Properties by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 6,445,950 shares of the real estate investment trust's stock valued at $64,137,000 after buying an additional 28,010 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Armada Hoffler Properties by 7.6% during the second quarter. Macquarie Group Ltd. now owns 2,707,427 shares of the real estate investment trust's stock valued at $26,939,000 after acquiring an additional 191,743 shares in the last quarter. State Street Corp increased its position in shares of Armada Hoffler Properties by 18.0% during the first quarter. State Street Corp now owns 2,572,262 shares of the real estate investment trust's stock worth $28,042,000 after acquiring an additional 392,332 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Armada Hoffler Properties by 19.3% in the second quarter. FMR LLC now owns 2,159,860 shares of the real estate investment trust's stock worth $21,491,000 after acquiring an additional 349,846 shares in the last quarter. Institutional investors own 55.87% of the company's stock.
Armada Hoffler Properties Company Profile
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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