Armada Hoffler Properties (NYSE:AHH) Sees Strong Trading Volume – Should You Buy?

Shares of Armada Hoffler Properties, Inc. (NYSE:AHHGet Free Report) saw strong trading volume on Monday . 437,214 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 469,780 shares.The stock last traded at $10.87 and had previously closed at $10.91.

Analyst Ratings Changes

Several brokerages have recently commented on AHH. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $13.00 to $11.00 in a research note on Monday, July 15th. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus reduced their target price on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a research note on Friday, September 27th.

View Our Latest Stock Analysis on AHH

Armada Hoffler Properties Price Performance

The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44. The business’s fifty day moving average is $11.61 and its 200 day moving average is $11.26. The company has a market cap of $967.73 million, a P/E ratio of 121.22 and a beta of 1.03.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.52%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 911.11%.

Insider Activity at Armada Hoffler Properties

In related news, Director Daniel A. Hoffler acquired 95,238 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $10.50 per share, with a total value of $999,999.00. Following the acquisition, the director now owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Daniel A. Hoffler purchased 95,238 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the acquisition, the director now directly owns 266,647 shares in the company, valued at approximately $2,799,793.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds have recently made changes to their positions in AHH. Great Lakes Advisors LLC purchased a new position in shares of Armada Hoffler Properties during the second quarter worth approximately $2,961,000. Mesirow Institutional Investment Management Inc. raised its position in Armada Hoffler Properties by 14.2% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock worth $10,912,000 after purchasing an additional 130,497 shares during the period. Algert Global LLC lifted its stake in Armada Hoffler Properties by 858.2% in the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock worth $1,561,000 after purchasing an additional 126,051 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Armada Hoffler Properties by 9.4% during the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after buying an additional 83,500 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Armada Hoffler Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after buying an additional 65,300 shares during the last quarter. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Company Profile

(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.

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