Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk Acquires 10,000 Shares

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) Director A Russell Kirk acquired 10,000 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $7.70 per share, for a total transaction of $77,000.00. Following the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. This trade represents a 16.83 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, March 25th, A Russell Kirk bought 50,000 shares of Armada Hoffler Properties stock. The shares were bought at an average price of $7.73 per share, with a total value of $386,500.00.
• On Monday, March 17th, A Russell Kirk acquired 30,000 shares of Armada Hoffler Properties stock. The shares were purchased at an average cost of $7.64 per share, with a total value of $229,200.00.

Armada Hoffler Properties Stock Performance

NYSE:AHH traded down $0.06 during mid-day trading on Friday, hitting $7.47. 684,934 shares of the stock were exchanged, compared to its average volume of 635,515. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $12.46. The stock has a market capitalization of $756.35 million, a price-to-earnings ratio of 23.33 and a beta of 1.04. The firm's 50-day simple moving average is $9.02 and its 200 day simple moving average is $10.24. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million during 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%. As a group, equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 175.00%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AHH. Steward Partners Investment Advisory LLC lifted its holdings in Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 2,000 shares in the last quarter. KBC Group NV lifted its holdings in shares of Armada Hoffler Properties by 66.0% in the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 1,962 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,551 shares during the period. Stoneridge Investment Partners LLC bought a new stake in Armada Hoffler Properties in the fourth quarter worth $107,000. Finally, Caisse Des Depots ET Consignations bought a new stake in Armada Hoffler Properties in the fourth quarter valued at approximately $110,000. Hedge funds and other institutional investors own 66.35% of the company's stock.

About Armada Hoffler Properties

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.