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

Armada Hoffler Properties, Inc. (NYSE:AHHGet Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,160,000 shares, a growth of 6.4% from the April 15th total of 1,090,000 shares. Based on an average daily trading volume, of 451,100 shares, the days-to-cover ratio is presently 2.6 days.

Armada Hoffler Properties Stock Performance

Armada Hoffler Properties stock traded up $0.08 during mid-day trading on Friday, reaching $11.68. 332,484 shares of the stock traded hands, compared to its average volume of 337,821. The stock has a market capitalization of $1.03 billion, a PE ratio of 129.74 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 9.54 and a quick ratio of 9.55. Armada Hoffler Properties has a 12-month low of $9.81 and a 12-month high of $13.11. The business’s 50-day moving average is $10.65 and its 200-day moving average is $11.22.

Armada Hoffler Properties (NYSE:AHHGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.59). The firm had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $63.93 million. Armada Hoffler Properties had a net margin of 2.76% and a return on equity of 2.96%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 EPS. As a group, sell-side analysts predict that Armada Hoffler Properties will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were issued a dividend of $0.205 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.82 annualized dividend and a yield of 7.02%. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s payout ratio is currently 911.21%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Friday, March 15th. The stock was purchased at an average cost 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 of the company’s stock, valued at $124,491.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired 7,129 shares of company stock valued at $74,291 in the last three months. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds have recently modified their holdings of AHH. Quadrant Capital Group LLC lifted its holdings in shares of Armada Hoffler Properties by 224.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 2,853 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at about $62,000. Van ECK Associates Corp grew its position in shares of Armada Hoffler Properties by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,552 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Armada Hoffler Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 934 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Armada Hoffler Properties in the third quarter worth about $143,000. 66.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, upgraded Armada Hoffler Properties to a “sell” rating in a research note on Saturday, May 4th.

Read Our Latest Stock Analysis on Armada Hoffler Properties

Armada Hoffler Properties Company Profile

(Get Free Report)

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.

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