Armada Hoffler Properties, Inc. (NYSE:AHH) Sees Large Increase in Short Interest

Armada Hoffler Properties, Inc. (NYSE:AHH) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,230,000 shares, an increase of 30.6% from the March 15th total of 941,500 shares. Based on an average daily volume of 445,700 shares, the days-to-cover ratio is currently 2.8 days.

Armada Hoffler Properties Stock Down 1.4 %

Armada Hoffler Properties stock opened at $10.36 on Monday. The stock has a market capitalization of $915.59 million, a PE ratio of -207.20 and a beta of 0.99. Armada Hoffler Properties has a twelve month low of $9.81 and a twelve month high of $13.11. The company has a quick ratio of 9.55, a current ratio of 9.55 and a debt-to-equity ratio of 2.35. The company has a 50 day moving average of $10.75 and a 200-day moving average of $11.14.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.59). The company had revenue of $186.75 million during the quarter, compared to analyst estimates of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. On average, equities research analysts anticipate that Armada Hoffler Properties will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.92%. The ex-dividend date of this dividend was Tuesday, March 26th. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s dividend payout ratio is -1,640.00%.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the completion of the acquisition, the director now owns 12,005 shares in the company, valued at $124,491.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders bought 7,129 shares of company stock worth $74,291. 11.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Armada Hoffler Properties by 17.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,138 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 5,231 shares during the period. Charles Schwab Investment Management Inc. raised its position in Armada Hoffler Properties by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,427,358 shares of the real estate investment trust’s stock worth $14,616,000 after acquiring an additional 77,025 shares in the last quarter. Invesco Ltd. raised its position in Armada Hoffler Properties by 11.8% during the third quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock worth $11,663,000 after acquiring an additional 120,132 shares in the last quarter. SG Americas Securities LLC raised its position in Armada Hoffler Properties by 323.6% during the third quarter. SG Americas Securities LLC now owns 44,897 shares of the real estate investment trust’s stock worth $460,000 after acquiring an additional 34,298 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in Armada Hoffler Properties by 14.5% during the third quarter. Penserra Capital Management LLC now owns 42,362 shares of the real estate investment trust’s stock worth $433,000 after acquiring an additional 5,353 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

About Armada Hoffler Properties

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.