Cerity Partners LLC Has $610,000 Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Cerity Partners LLC boosted its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 329.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,159 shares of the real estate investment trust's stock after buying an additional 45,395 shares during the period. Cerity Partners LLC owned 0.06% of Armada Hoffler Properties worth $610,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AHH. Steward Partners Investment Advisory LLC boosted its position in shares of 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 valued at $46,000 after purchasing an additional 2,000 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties during the fourth quarter worth $107,000. Caisse Des Depots ET Consignations acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at $110,000. Inspire Advisors LLC acquired a new stake in Armada Hoffler Properties during the 4th quarter worth about $122,000. Finally, Mutual of America Capital Management LLC lifted its stake in Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 1,862 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Up 0.2 %

NYSE:AHH traded up $0.02 during trading hours on Thursday, hitting $6.82. 332,100 shares of the company's stock traded hands, compared to its average volume of 698,360. The firm has a market cap of $690.50 million, a P/E ratio of 21.36 and a beta of 0.89. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The stock's fifty day moving average price is $7.83 and its two-hundred day moving average price is $9.57.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.21. The firm had revenue of $62.95 million for 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%. On average, research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.22%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is currently 175.00%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank dropped their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 16th.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the transaction, the director now owns 69,430 shares in the company, valued at $534,611. The trade was a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders bought 90,954 shares of company stock valued at $699,607 in the last three months. Corporate insiders own 11.90% 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.