Charles Schwab Investment Management Inc. Acquires 98,829 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,166,090 shares of the real estate investment trust's stock after purchasing an additional 98,829 shares during the period. Charles Schwab Investment Management Inc. owned 1.15% of Armada Hoffler Properties worth $11,929,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock worth $25,313,000 after acquiring an additional 140,964 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust's stock valued at $20,989,000 after purchasing an additional 158,625 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Armada Hoffler Properties by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock worth $19,127,000 after buying an additional 56,777 shares during the period. Vision Capital Corp acquired a new position in Armada Hoffler Properties in the third quarter valued at $11,913,000. Finally, Sound Income Strategies LLC bought a new stake in Armada Hoffler Properties during the fourth quarter valued at $9,049,000. Institutional investors own 66.35% of the company's stock.

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Analysts Set New Price Targets

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

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $7.70 per share, with a total value of $77,000.00. Following the transaction, the director now directly owns 69,430 shares of the company's stock, valued at $534,611. This represents a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 40,383 shares of company stock valued at $310,107. 11.90% of the stock is currently owned by insiders.

Armada Hoffler Properties Stock Down 2.2 %

Shares of AHH stock traded down $0.17 on Tuesday, hitting $7.73. The stock had a trading volume of 1,104,972 shares, compared to its average volume of 593,485. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The stock has a market cap of $783.20 million, a price-to-earnings ratio of 24.16 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 12-month low of $7.47 and a 12-month high of $12.46. The business has a 50 day moving average of $9.14 and a 200 day moving average of $10.31.

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 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 business had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. As a group, analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.24%. Armada Hoffler Properties's payout ratio is 175.00%.

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.