Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Purchases 50,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) Director A Russell Kirk acquired 50,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $7.73 per share, with a total value of $386,500.00. Following the completion of the purchase, the director now owns 119,430 shares in the company, valued at approximately $923,193.90. This represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

A Russell Kirk also recently made the following trade(s):

• On Thursday, March 20th, A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock. The stock was purchased at an average cost of $7.70 per share, for a total transaction of $77,000.00.
• On Monday, March 17th, A Russell Kirk acquired 30,000 shares of Armada Hoffler Properties stock. The stock was purchased at an average cost of $7.64 per share, with a total value of $229,200.00.

Armada Hoffler Properties Stock Up 0.2 %

Armada Hoffler Properties stock traded up $0.02 during trading hours on Monday, hitting $7.52. The company had a trading volume of 939,470 shares, compared to its average volume of 637,033. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $12.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The firm has a market capitalization of $761.42 million, a P/E ratio of 23.49 and a beta of 1.04. The firm's fifty day moving average is $8.97 and its 200-day moving average is $10.19.

Remove Ads

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.21. The business had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 175.00%.

Analyst Ratings Changes

Separately, Scotiabank reduced their target price on Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating for the company in a report on Friday, February 28th.

Institutional Investors Weigh In On Armada Hoffler Properties

Several institutional investors have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its position in Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Armada Hoffler Properties by 23.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at $107,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at $110,000. Finally, Quantinno Capital Management LP bought a new stake in Armada Hoffler Properties in the fourth quarter worth $115,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

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.