Intech Investment Management LLC Increases Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Intech Investment Management LLC increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 137.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,421 shares of the real estate investment trust's stock after buying an additional 48,230 shares during the period. Intech Investment Management LLC owned 0.08% of Armada Hoffler Properties worth $853,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. KBC Group NV lifted its position in Armada Hoffler Properties by 66.0% during the third 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. Algert Global LLC boosted its holdings in Armada Hoffler Properties by 77.8% in the 3rd quarter. Algert Global LLC now owns 250,247 shares of the real estate investment trust's stock valued at $2,710,000 after purchasing an additional 109,509 shares during the period. Penserra Capital Management LLC raised its position in shares of Armada Hoffler Properties by 23.0% in the third quarter. Penserra Capital Management LLC now owns 86,339 shares of the real estate investment trust's stock valued at $935,000 after buying an additional 16,120 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust's stock valued at $241,000 after buying an additional 1,316 shares during the period. Finally, Vision Capital Corp acquired a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at approximately $11,913,000. Institutional investors own 66.35% of the company's stock.

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Armada Hoffler Properties Trading Down 0.5 %

NYSE:AHH traded down $0.04 during mid-day trading on Thursday, hitting $7.52. 1,682,107 shares of the company's stock were exchanged, compared to its average volume of 600,070. 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 current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $761.42 million, a P/E ratio of 23.49 and a beta of 1.04. The company has a 50 day simple moving average of $9.07 and a 200-day simple moving average of $10.26.

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

Armada Hoffler Properties Cuts Dividend

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

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of the stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the acquisition, the director now owns 69,430 shares in the company, valued at $534,611. This trade represents a 16.83 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders purchased 90,383 shares of company stock valued at $696,607. Company insiders own 11.90% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank decreased 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.

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.