First Eagle Investment Management LLC lessened its position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 683,736 shares of the real estate investment trust's stock after selling 50,200 shares during the period. First Eagle Investment Management LLC owned approximately 0.67% of Armada Hoffler Properties worth $6,995,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of AHH. Steward Partners Investment Advisory LLC increased its stake in 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 buying an additional 2,000 shares during the period. KBC Group NV grew its stake in shares of Armada Hoffler Properties by 66.0% in the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,962 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Armada Hoffler Properties in the fourth quarter worth about $107,000. Versor Investments LP acquired a new position in shares of Armada Hoffler Properties in the third quarter worth about $108,000. Finally, Inspire Advisors LLC acquired a new position in shares of Armada Hoffler Properties in the fourth quarter worth about $122,000. Institutional investors and hedge funds own 66.35% of the company's stock.
Insider Activity at Armada Hoffler Properties
In other Armada Hoffler Properties news, Director A Russell Kirk acquired 30,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $7.64 per share, with a total value of $229,200.00. Following the completion of the transaction, the director now owns 49,430 shares in the company, valued at $377,645.20. The trade was a 154.40 % 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 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 for the company in a report on Friday, February 28th.
View Our Latest Analysis on AHH
Armada Hoffler Properties Stock Down 0.4 %
Shares of NYSE AHH traded down $0.04 during trading hours on Thursday, hitting $7.79. The stock had a trading volume of 1,083,487 shares, compared to its average volume of 587,922. The company has a market capitalization of $788.78 million, a P/E ratio of 24.33 and a beta of 1.04. The firm's 50-day moving average price is $9.26 and its two-hundred day moving average price is $10.41. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. Armada Hoffler Properties, Inc. has a 52 week low of $7.47 and a 52 week high of $12.46.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued 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%. Analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.
Armada Hoffler Properties Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.19%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties's payout ratio is presently 175.00%.
About Armada Hoffler Properties
(
Free Report)
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.
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