Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 532,000 shares, an increase of 27.0% from the December 15th total of 418,900 shares. Based on an average trading volume of 300,000 shares, the days-to-cover ratio is presently 1.8 days.
Wall Street Analysts Forecast Growth
AHH has been the topic of several recent analyst reports. TheStreet lowered shares of Armada Hoffler Properties from a "b-" rating to a "c+" rating in a research report on Tuesday, September 27th. StockNews.com initiated coverage on shares of Armada Hoffler Properties in a research report on Wednesday, October 12th. They set a "hold" rating on the stock.
Get Armada Hoffler Properties alerts:Armada Hoffler Properties Price Performance
Shares of AHH stock traded up $0.07 during trading hours on Friday, hitting $12.12. The company's stock had a trading volume of 186,268 shares, compared to its average volume of 193,032. The business has a fifty day moving average of $11.86 and a 200-day moving average of $12.24. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 8.17 and a beta of 0.89. Armada Hoffler Properties has a twelve month low of $10.04 and a twelve month high of $15.13. The company has a current ratio of 11.71, a quick ratio of 11.71 and a debt-to-equity ratio of 1.47.
Armada Hoffler Properties (NYSE:AHH – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of $0.29 by $0.09. The business had revenue of $53.74 million for the quarter, compared to analyst estimates of $54.41 million. Armada Hoffler Properties had a net margin of 22.28% and a return on equity of 12.02%. As a group, equities research analysts anticipate that Armada Hoffler Properties will post 1.19 EPS for the current year.Armada Hoffler Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Wednesday, December 28th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.27%. The ex-dividend date was Tuesday, December 27th. Armada Hoffler Properties's payout ratio is 95.00%.
Hedge Funds Weigh In On Armada Hoffler Properties
Several institutional investors and hedge funds have recently modified their holdings of AHH. Federated Hermes Inc. purchased a new position in Armada Hoffler Properties during the first quarter worth approximately $35,000. Newbridge Financial Services Group Inc. purchased a new position in Armada Hoffler Properties during the third quarter worth approximately $62,000. KBC Group NV purchased a new position in Armada Hoffler Properties during the second quarter worth approximately $69,000. Captrust Financial Advisors purchased a new position in Armada Hoffler Properties during the second quarter worth approximately $100,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Armada Hoffler Properties during the third quarter worth approximately $109,000. Hedge funds and other institutional investors own 67.03% of the company's stock.
About Armada Hoffler Properties
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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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