Armada Hoffler Properties Inc (NYSE:AHH) Short Interest Up 8.2% in June

Armada Hoffler Properties Inc (NYSE:AHH) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 526,100 shares, an increase of 8.2% from the May 15th total of 486,200 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 192,900 shares, the short-interest ratio is presently 2.7 days.

Armada Hoffler Properties stock traded down $0.16 during trading hours on Friday, reaching $16.69. The stock had a trading volume of 267,602 shares, compared to its average volume of 276,195. The company has a market capitalization of $874.87 million, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a current ratio of 13.03, a quick ratio of 13.03 and a debt-to-equity ratio of 1.63. The stock has a 50 day moving average of $16.79. Armada Hoffler Properties has a 52 week low of $13.53 and a 52 week high of $17.50.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.18). Armada Hoffler Properties had a return on equity of 3.96% and a net margin of 9.66%. The firm had revenue of $30.91 million during the quarter, compared to the consensus estimate of $31.00 million. On average, equities analysts anticipate that Armada Hoffler Properties will post 1.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th were issued a dividend of $0.21 per share. The ex-dividend date was Tuesday, June 25th. This represents a $0.84 annualized dividend and a dividend yield of 5.03%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 81.55%.

AHH has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.56.

In other news, Director James C. Cherry acquired 5,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $25.00 per share, with a total value of $125,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $125,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael P. O’hara acquired 6,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average cost of $25.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the insider now directly owns 6,000 shares of the company’s stock, valued at $150,000. The disclosure for this purchase can be found here. Company insiders own 13.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AHH. BlackRock Inc. boosted its position in Armada Hoffler Properties by 3.8% in the fourth quarter. BlackRock Inc. now owns 7,448,888 shares of the real estate investment trust’s stock valued at $104,730,000 after buying an additional 271,333 shares during the last quarter. Macquarie Group Ltd. boosted its position in Armada Hoffler Properties by 17.7% in the 4th quarter. Macquarie Group Ltd. now owns 1,689,104 shares of the real estate investment trust’s stock worth $23,749,000 after purchasing an additional 254,195 shares in the last quarter. HGI Capital Management LLC purchased a new stake in Armada Hoffler Properties in the 1st quarter worth approximately $2,664,000. Martingale Asset Management L P boosted its position in Armada Hoffler Properties by 69.4% in the 1st quarter. Martingale Asset Management L P now owns 251,922 shares of the real estate investment trust’s stock worth $3,929,000 after purchasing an additional 103,212 shares in the last quarter. Finally, Hancock Whitney Corp purchased a new stake in Armada Hoffler Properties in the 1st quarter worth approximately $1,599,000. Hedge funds and other institutional investors own 83.49% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

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