ExodusPoint Capital Management LP Reduces Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

ExodusPoint Capital Management LP reduced its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 57.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,619 shares of the real estate investment trust's stock after selling 80,140 shares during the quarter. ExodusPoint Capital Management LP owned about 0.06% of Armada Hoffler Properties worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of 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. 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. Raymond James Financial Inc. purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $2,239,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Armada Hoffler Properties by 28.8% in the 4th quarter. JPMorgan Chase & Co. now owns 801,274 shares of the real estate investment trust's stock valued at $8,197,000 after purchasing an additional 179,179 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, March 20th. The shares were bought 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 approximately $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 90,954 shares of company stock worth $699,607. Insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

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

Armada Hoffler Properties Stock Up 1.8 %

Shares of NYSE AHH traded up $0.12 during mid-day trading on Thursday, reaching $6.68. 198,035 shares of the company were exchanged, compared to its average volume of 687,135. The firm has a 50-day moving average of $8.11 and a 200 day moving average of $9.71. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $12.46. 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 stock has a market cap of $676.31 million, a price-to-earnings ratio of 20.92 and a beta of 0.89.

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 EPS for the quarter, beating the consensus estimate 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. On average, 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 firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is presently 175.00%.

Armada Hoffler Properties 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.