Armada Hoffler Properties (NYSE:AHH) Reaches New 1-Year Low – Here’s What Happened

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

Analyst Ratings Changes

A number of analysts have commented on AHH shares. Stifel Nicolaus reduced their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Scotiabank increased their price objective on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Finally, UBS Group set a $7.50 target price on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.80.

Armada Hoffler Properties Price Performance

The stock has a market capitalization of $618.94 million, a P/E ratio of -74.63 and a beta of 1.04. The company’s 50 day simple moving average is $6.81 and its two-hundred day simple moving average is $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.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berman McAleer LLC acquired a new position in shares of Armada Hoffler Properties during the third quarter valued at $7,317,000. Asset Management One Co. Ltd. raised its holdings in Armada Hoffler Properties by 9.5% during the 2nd quarter. Asset Management One Co. Ltd. now owns 118,217 shares of the real estate investment trust’s stock worth $812,000 after purchasing an additional 10,248 shares during the last quarter. Penserra Capital Management LLC lifted its position in Armada Hoffler Properties by 45.9% during the 2nd quarter. Penserra Capital Management LLC now owns 147,369 shares of the real estate investment trust’s stock valued at $1,012,000 after purchasing an additional 46,370 shares during the period. Brown Advisory Inc. boosted its stake in shares of Armada Hoffler Properties by 3,588.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after purchasing an additional 1,084,825 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Armada Hoffler Properties by 1,963.6% in the 2nd quarter. AlphaQuest LLC now owns 111,374 shares of the real estate investment trust’s stock valued at $765,000 after purchasing an additional 105,977 shares during the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

About Armada Hoffler Properties

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.