Armada Hoffler Properties (NYSE:AHH) Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Armada Hoffler Properties (NYSE:AHH) from a hold rating to a sell rating in a research note published on Monday.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.45 on Monday. The business’s fifty day moving average price is $10.67 and its 200 day moving average price is $11.37. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.73. The stock has a market capitalization of $935.35 million, a PE ratio of 29.84 and a beta of 0.98. The company has a debt-to-equity ratio of 1.91, a current ratio of 9.54 and a quick ratio of 9.54.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 7.47%. The ex-dividend date of this dividend was Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio is presently 222.86%.

Institutional Investors Weigh In On Armada Hoffler Properties

Large investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp increased its position in Armada Hoffler Properties by 32.5% in the first quarter. Texas Permanent School Fund Corp now owns 60,349 shares of the real estate investment trust’s stock worth $713,000 after buying an additional 14,815 shares during the period. Ziegler Capital Management LLC increased its position in Armada Hoffler Properties by 4.2% in the first quarter. Ziegler Capital Management LLC now owns 81,312 shares of the real estate investment trust’s stock worth $960,000 after buying an additional 3,293 shares during the period. Macquarie Group Ltd. increased its position in Armada Hoffler Properties by 2.4% in the first quarter. Macquarie Group Ltd. now owns 3,583,147 shares of the real estate investment trust’s stock worth $42,317,000 after buying an additional 84,970 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its position in Armada Hoffler Properties by 5.4% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 542,540 shares of the real estate investment trust’s stock worth $6,407,000 after buying an additional 28,033 shares during the period. Finally, Foster & Motley Inc. increased its position in Armada Hoffler Properties by 2.4% in the first quarter. Foster & Motley Inc. now owns 249,103 shares of the real estate investment trust’s stock worth $2,942,000 after buying an additional 5,857 shares during the period. 67.17% of the stock is owned by institutional investors and hedge funds.

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 multifamily, office, and retail properties located primarily in the Mid-Atlantic and Southeastern United States.