Armada Hoffler Properties, Inc. (NYSE:AHH) Sees Significant Decrease in Short Interest

Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) saw a significant drop in short interest in April. As of April 30th, there was short interest totalling 965,500 shares, a drop of 22.1% from the April 15th total of 1,240,000 shares. Based on an average daily trading volume, of 581,300 shares, the short-interest ratio is presently 1.7 days.

AHH has been the subject of several recent research reports. StockNews.com initiated coverage on Armada Hoffler Properties in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, April 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Armada Hoffler Properties currently has an average rating of “Buy” and an average price target of $14.90.

A number of institutional investors have recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in Armada Hoffler Properties by 2.5% in the first quarter. Northern Trust Corp now owns 935,434 shares of the real estate investment trust’s stock valued at $13,658,000 after acquiring an additional 22,463 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Armada Hoffler Properties by 57.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 859,983 shares of the real estate investment trust’s stock valued at $12,557,000 after acquiring an additional 312,628 shares during the last quarter. First Trust Advisors LP boosted its holdings in Armada Hoffler Properties by 11.1% in the first quarter. First Trust Advisors LP now owns 13,644 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 1,366 shares during the last quarter. Federated Hermes Inc. acquired a new position in Armada Hoffler Properties in the first quarter valued at $35,000. Finally, American International Group Inc. boosted its holdings in Armada Hoffler Properties by 3.9% in the first quarter. American International Group Inc. now owns 38,243 shares of the real estate investment trust’s stock valued at $558,000 after acquiring an additional 1,435 shares during the last quarter. Hedge funds and other institutional investors own 63.17% of the company’s stock.

Shares of NYSE:AHH opened at $13.11 on Monday. The company has a market cap of $1.15 billion, a P/E ratio of 54.63, a P/E/G ratio of 8.58 and a beta of 0.78. The company has a quick ratio of 7.24, a current ratio of 9.35 and a debt-to-equity ratio of 1.70. Armada Hoffler Properties has a 52 week low of $12.24 and a 52 week high of $15.80. The business has a fifty day simple moving average of $14.24 and a 200-day simple moving average of $14.43.

Armada Hoffler Properties (NYSE:AHH – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Armada Hoffler Properties had a return on equity of 5.07% and a net margin of 11.21%. During the same period in the prior year, the company earned $0.26 earnings per share. Sell-side analysts expect that Armada Hoffler Properties will post 1.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Wednesday, June 29th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Tuesday, June 28th. Armada Hoffler Properties’s payout ratio is currently 283.33%.

About Armada Hoffler Properties (Get Rating)

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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