Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Up 11.9% in December

Armada Hoffler Properties, Inc. (NYSE:AHH) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 1,220,000 shares, a growth of 11.9% from the November 30th total of 1,090,000 shares. Based on an average daily volume of 790,100 shares, the short-interest ratio is presently 1.5 days.

Analyst Upgrades and Downgrades

AHH has been the topic of several research reports. Stifel Nicolaus upped their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Up 1.5 %

AHH traded up $0.15 on Wednesday, reaching $10.23. 767,256 shares of the company traded hands, compared to its average volume of 527,122. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. Armada Hoffler Properties has a 52-week low of $9.88 and a 52-week high of $12.60. The stock’s 50 day moving average price is $10.84 and its 200-day moving average price is $11.26. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -48.71 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. During the same period in the prior year, the company posted $0.31 earnings per share. Armada Hoffler Properties’s quarterly revenue was up 9.1% on a year-over-year basis. On average, sell-side analysts expect that Armada Hoffler Properties will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Thursday, December 26th. Armada Hoffler Properties’s payout ratio is -390.48%.

Insiders Place Their Bets

In related news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares of the company’s stock, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently modified their holdings of AHH. Point72 DIFC Ltd bought a new stake in shares of Armada Hoffler Properties during the second quarter worth $46,000. KBC Group NV boosted its holdings in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,962 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Armada Hoffler Properties during the 2nd quarter worth $55,000. Quarry LP boosted its stake in shares of Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 4,790 shares during the period. Finally, Versor Investments LP bought a new position in shares of Armada Hoffler Properties in the third quarter worth $108,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Company Profile

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.