Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Update

Armada Hoffler Properties, Inc. (NYSE:AHH) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 1,120,000 shares, a drop of 7.4% from the August 15th total of 1,210,000 shares. Based on an average daily trading volume, of 426,200 shares, the short-interest ratio is currently 2.6 days.

Armada Hoffler Properties Stock Up 0.2 %

Armada Hoffler Properties stock opened at $12.08 on Thursday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 134.22 and a beta of 1.04. Armada Hoffler Properties has a 52-week low of $9.81 and a 52-week high of $13.11. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. The firm has a 50 day moving average price of $11.79 and a two-hundred day moving average price of $11.16.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th will be issued a $0.205 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 annualized dividend and a yield of 6.79%. Armada Hoffler Properties’s payout ratio is 911.11%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the acquisition, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 11.90% of the company’s stock.

Institutional Trading of Armada Hoffler Properties

Institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC lifted its stake in shares of Armada Hoffler Properties by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 934 shares during the period. Daiwa Securities Group Inc. lifted its stake in Armada Hoffler Properties by 8.1% in the first quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,637 shares during the period. Cetera Advisors LLC grew its position in shares of Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 1,872 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Armada Hoffler Properties by 11.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,150 shares of the real estate investment trust’s stock valued at $312,000 after acquiring an additional 2,818 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Armada Hoffler Properties by 224.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,853 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

AHH has been the topic of a number of research reports. Stifel Nicolaus began coverage on shares of Armada Hoffler Properties in a report on Monday, July 15th. They set a “buy” rating and a $12.75 target price on the stock. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their price objective for the company from $13.00 to $11.00 in a report on Monday, July 15th. Finally, StockNews.com raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th.

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.