Armada Hoffler Properties, Inc. (NYSE:AHH) Short Interest Up 37.0% in September

Armada Hoffler Properties, Inc. (NYSE:AHH) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,270,000 shares, a growth of 37.0% from the September 15th total of 927,000 shares. Based on an average daily trading volume, of 546,600 shares, the days-to-cover ratio is currently 2.3 days.

Insider Buying and Selling

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

Hedge Funds Weigh In On Armada Hoffler Properties

Several hedge funds and other institutional investors have recently made changes to their positions in AHH. Inspire Investing LLC boosted its stake in Armada Hoffler Properties by 19.0% during the third quarter. Inspire Investing LLC now owns 38,103 shares of the real estate investment trust’s stock worth $413,000 after acquiring an additional 6,096 shares in the last quarter. Sterneck Capital Management LLC increased its holdings in Armada Hoffler Properties by 63.0% during the third quarter. Sterneck Capital Management LLC now owns 78,760 shares of the real estate investment trust’s stock worth $853,000 after buying an additional 30,455 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Armada Hoffler Properties in the third quarter worth about $233,000. Point72 DIFC Ltd purchased a new position in shares of Armada Hoffler Properties in the second quarter worth about $46,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Armada Hoffler Properties during the second quarter valued at approximately $619,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday, September 27th. Jefferies Financial Group lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their price objective for the company from $13.00 to $11.00 in a research report on Monday, July 15th. Finally, StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th.

Armada Hoffler Properties Trading Up 3.0 %

AHH traded up $0.33 during mid-day trading on Tuesday, hitting $11.19. The stock had a trading volume of 745,401 shares, compared to its average volume of 473,892. Armada Hoffler Properties has a 1-year low of $9.81 and a 1-year high of $13.11. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The stock’s fifty day simple moving average is $11.60 and its 200-day simple moving average is $11.27. The firm has a market capitalization of $993.48 million, a price-to-earnings ratio of 120.56 and a beta of 1.03.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 7.33%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is 911.11%.

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.