Franklin Resources Inc. Acquires 173,149 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Franklin Resources Inc. lifted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,105,812 shares of the real estate investment trust's stock after purchasing an additional 173,149 shares during the period. Franklin Resources Inc. owned about 2.08% of Armada Hoffler Properties worth $21,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in 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 in the last quarter. US Bancorp DE lifted its position in shares of Armada Hoffler Properties by 9,145.7% during the 4th quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust's stock valued at $399,000 after acquiring an additional 38,595 shares during the last quarter. FMR LLC boosted its stake in shares of Armada Hoffler Properties by 6.4% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Armada Hoffler Properties by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust's stock worth $6,737,000 after acquiring an additional 97,642 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Armada Hoffler Properties in the 4th quarter worth $202,000. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Trading Up 2.8 %

Shares of AHH stock traded up $0.19 during trading hours on Friday, reaching $6.71. 1,260,331 shares of the stock traded hands, compared to its average volume of 674,878. The business has a fifty day moving average price of $8.27 and a 200 day moving average price of $9.78. 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 firm has a market capitalization of $679.35 million, a PE ratio of 20.95 and a beta of 0.89.

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 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The business had revenue of $62.95 million during the quarter, compared to analysts' expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. On average, equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.35%. Armada Hoffler Properties's dividend payout ratio is 175.00%.

Insider Buying and Selling

In other news, Director A Russell Kirk acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. The trade was a 16.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders purchased 90,954 shares of company stock worth $699,607. 11.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Scotiabank reduced their target price on 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.

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.