Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. lessened its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 85.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,943 shares of the real estate investment trust's stock after selling 570,818 shares during the period. Phocas Financial Corp. owned approximately 0.10% of Armada Hoffler Properties worth $992,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its position in Armada Hoffler Properties by 179.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 75,417 shares of the real estate investment trust's stock valued at $772,000 after acquiring an additional 48,447 shares during the period. Amalgamated Bank grew its position in Armada Hoffler Properties by 15.5% during the fourth quarter. Amalgamated Bank now owns 23,220 shares of the real estate investment trust's stock valued at $238,000 after acquiring an additional 3,110 shares during the period. Bank of New York Mellon Corp grew its position in Armada Hoffler Properties by 15.2% during the fourth quarter. Bank of New York Mellon Corp now owns 680,046 shares of the real estate investment trust's stock valued at $6,957,000 after acquiring an additional 89,962 shares during the period. Principal Financial Group Inc. grew its position in Armada Hoffler Properties by 20.0% during the fourth quarter. Principal Financial Group Inc. now owns 424,956 shares of the real estate investment trust's stock valued at $4,347,000 after acquiring an additional 70,930 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in Armada Hoffler Properties by 74.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 282,631 shares of the real estate investment trust's stock valued at $2,891,000 after acquiring an additional 120,838 shares during the period. Hedge funds and other institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Stock Up 0.2 %

Shares of NYSE AHH traded up $0.02 on Friday, hitting $9.18. The company had a trading volume of 814,618 shares, compared to its average volume of 687,193. Armada Hoffler Properties, Inc. has a 12-month low of $8.76 and a 12-month high of $12.46. The business has a 50 day moving average of $9.70 and a two-hundred day moving average of $10.73. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $929.98 million, a P/E ratio of 28.67 and a beta of 1.03.

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

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 8.94%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 256.25%.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the purchase, the director now owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Scotiabank decreased 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.

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.