Armada Hoffler Properties (NYSE:AHH) Sets New 1-Year Low – Here’s Why

Armada Hoffler Properties, Inc. (NYSE:AHH) hit a new 52-week low on Monday . The stock traded as low as $6.01 and last traded at $5.9550, with a volume of 415133 shares changing hands. The stock had previously closed at $6.11.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AHH shares. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, October 28th. Scotiabank boosted their target price on Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a “sector perform” rating in a research report on Wednesday, January 14th. Stifel Nicolaus decreased their price objective on shares of Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Armada Hoffler Properties has an average rating of “Hold” and a consensus price target of $7.80.

Armada Hoffler Properties Stock Down 2.3%

The company has a market capitalization of $618.94 million, a price-to-earnings ratio of -74.63 and a beta of 1.04. The firm has a 50-day moving average price of $6.81 and a two-hundred day moving average price of $6.82. The company has a debt-to-equity ratio of 1.95, a current ratio of 6.15 and a quick ratio of 7.14.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of large investors have recently modified their holdings of AHH. Invesco Ltd. grew its holdings in shares of Armada Hoffler Properties by 3.5% in the 4th quarter. Invesco Ltd. now owns 2,296,307 shares of the real estate investment trust’s stock valued at $15,202,000 after acquiring an additional 77,532 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Armada Hoffler Properties by 36.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 18,087 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 4,879 shares during the last quarter. XTX Topco Ltd bought a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $89,000. Millennium Management LLC increased its position in shares of Armada Hoffler Properties by 34.7% during the 4th quarter. Millennium Management LLC now owns 67,311 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 17,336 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Armada Hoffler Properties by 8.2% during the 4th quarter. Inspire Investing LLC now owns 70,230 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 5,351 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.