Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Up 30.6% in March

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,230,000 shares, a growth of 30.6% from the March 15th total of 941,500 shares. Based on an average daily trading volume, of 445,700 shares, the short-interest ratio is currently 2.8 days.

Armada Hoffler Properties Stock Performance

NYSE AHH traded down $0.15 on Friday, reaching $10.36. The stock had a trading volume of 266,039 shares, compared to its average volume of 528,263. The company has a debt-to-equity ratio of 2.35, a quick ratio of 9.55 and a current ratio of 9.55. The stock has a market cap of $915.62 million, a P/E ratio of -207.16 and a beta of 0.99. The business's 50-day moving average price is $10.75 and its 200 day moving average price is $11.13. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.11.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.59). The business had revenue of $186.75 million during the quarter, compared to analysts' expectations of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The firm's revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. As a group, equities analysts expect that Armada Hoffler Properties will post 1.24 earnings per share for the current year.

Armada Hoffler Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This is an increase from Armada Hoffler Properties's previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 7.92%. Armada Hoffler Properties's dividend payout ratio is currently -1,639.67%.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the firm's stock in a transaction on Friday, March 15th. The stock was bought at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the completion of the purchase, the director now directly owns 12,005 shares of the company's stock, valued at approximately $124,491.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 7,129 shares of company stock valued at $74,291 in the last ninety days. Insiders own 11.70% of the company's stock.

Institutional Trading of Armada Hoffler Properties

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Armada Hoffler Properties by 14.3% in the first quarter. BlackRock Inc. now owns 12,943,240 shares of the real estate investment trust's stock valued at $188,971,000 after acquiring an additional 1,622,030 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Armada Hoffler Properties by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,079,954 shares of the real estate investment trust's stock valued at $83,869,000 after purchasing an additional 170,266 shares in the last quarter. State Street Corp increased its position in Armada Hoffler Properties by 4.7% during the 2nd quarter. State Street Corp now owns 3,771,846 shares of the real estate investment trust's stock worth $49,049,000 after purchasing an additional 168,838 shares during the period. Macquarie Group Ltd. raised its stake in shares of Armada Hoffler Properties by 2.4% during the 1st quarter. Macquarie Group Ltd. now owns 3,583,147 shares of the real estate investment trust's stock worth $42,317,000 after buying an additional 84,970 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Armada Hoffler Properties by 3.0% in the 1st quarter. FMR LLC now owns 1,755,218 shares of the real estate investment trust's stock valued at $20,729,000 after buying an additional 50,498 shares during the period. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Company Profile

Armada Hoffler NYSE: AHH is a vertically-integrated, self-managed real estate investment trust 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.