A Russell Kirk Acquires 30,000 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) Director A Russell Kirk bought 30,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the purchase, the director now owns 49,430 shares in the company, valued at approximately $377,645.20. This trade represents a 154.40 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Armada Hoffler Properties Stock Down 1.2 %

AHH traded down $0.10 during trading hours on Friday, reaching $7.69. 1,671,172 shares of the stock traded hands, compared to its average volume of 591,837. The firm's fifty day simple moving average is $9.18 and its two-hundred day simple moving average is $10.35. The company has a market cap of $778.64 million, a price-to-earnings ratio of 24.02 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.47 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.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. The business had revenue of $62.95 million during the quarter, compared to analyst estimates 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, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

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Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 175.00%.

Analysts Set New Price Targets

Separately, Scotiabank cut their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th.

Institutional Investors Weigh In On Armada Hoffler Properties

A number of large investors have recently added to or reduced their stakes in AHH. Vision Capital Corp acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $11,913,000. Sound Income Strategies LLC acquired a new position in Armada Hoffler Properties during the 4th quarter worth $9,049,000. Vanguard Group Inc. grew its holdings in Armada Hoffler Properties by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust's stock worth $97,357,000 after acquiring an additional 829,392 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Armada Hoffler Properties by 118.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust's stock worth $13,453,000 after acquiring an additional 713,010 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Armada Hoffler Properties by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust's stock worth $20,824,000 after acquiring an additional 269,367 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

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.