Armada Hoffler Properties (NYSE:AHH) Given New $8.00 Price Target at Scotiabank

Armada Hoffler Properties (NYSE:AHH - Free Report) had its target price trimmed by Scotiabank from $10.00 to $8.00 in a research note published on Wednesday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust's stock.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH traded down $0.07 during trading on Wednesday, reaching $6.75. The stock had a trading volume of 1,161,094 shares, compared to its average volume of 695,992. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The stock has a market cap of $683.91 million, a PE ratio of 21.09 and a beta of 0.89. Armada Hoffler Properties has a one year low of $6.10 and a one year high of $12.46. The firm's 50 day moving average price is $7.99 and its two-hundred day moving average price is $9.63.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. The firm had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, research analysts forecast that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 175.00%.

Insider Activity at Armada Hoffler Properties

In related news, Director A Russell Kirk bought 10,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the purchase, the director now owns 69,430 shares of the company's stock, valued at $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 90,954 shares of company stock worth $699,607 in the last 90 days. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Armada Hoffler Properties

A number of large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its position in Armada Hoffler Properties by 80.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock worth $84,000 after buying an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Armada Hoffler Properties in the 4th quarter worth approximately $107,000. Caisse Des Depots ET Consignations acquired a new stake in Armada Hoffler Properties in the 4th quarter valued at approximately $110,000. Finally, Quantinno Capital Management LP bought a new stake in Armada Hoffler Properties during the 4th quarter valued at $115,000. Institutional investors and hedge funds own 66.35% of the company's stock.

About Armada Hoffler Properties

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.