Armada Hoffler Properties (NYSE:AHH) Reaches New 52-Week Low – Should You Sell?

Armada Hoffler Properties, Inc. (NYSE:AHH)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.09 and last traded at $6.0860, with a volume of 38070 shares. The stock had previously closed at $6.14.

Wall Street Analysts Forecast Growth

AHH has been the subject of several recent analyst reports. Scotiabank cut their price objective on Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Thursday, November 13th. Bank of America cut their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating for the company in a research note on Monday, August 25th. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Thursday. Finally, Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Armada Hoffler Properties has an average rating of “Hold” and an average price target of $8.13.

Armada Hoffler Properties Stock Down 0.7%

The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 2.35. The stock has a market cap of $631.93 million, a P/E ratio of 32.08 and a beta of 1.12. The firm has a 50-day simple moving average of $6.80 and a two-hundred day simple moving average of $6.95.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. Armada Hoffler Properties had a net margin of 6.77% and a return on equity of 4.43%. The company had revenue of $72.15 million during the quarter, compared to analysts’ expectations of $66.23 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. Equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.56 annualized dividend and a dividend yield of 9.2%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 294.74%.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in Armada Hoffler Properties by 464.9% during the 2nd quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 3,426 shares during the period. Crossingbridge Advisors LLC acquired a new stake in shares of Armada Hoffler Properties during the 1st quarter worth approximately $38,000. Hantz Financial Services Inc. increased its stake in Armada Hoffler Properties by 99.3% in the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Armada Hoffler Properties by 172.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,015 shares in the last quarter. Finally, Inscription Capital LLC bought a new stake in Armada Hoffler Properties during the third quarter worth $72,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Company Profile

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.