Geode Capital Management LLC Has $20.82 Million Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Geode Capital Management LLC grew its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,035,178 shares of the real estate investment trust's stock after acquiring an additional 269,367 shares during the quarter. Geode Capital Management LLC owned about 2.01% of Armada Hoffler Properties worth $20,824,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its stake in shares of Armada Hoffler Properties by 80.0% in the fourth 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 in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $107,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $110,000. Inspire Advisors LLC acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $122,000. Finally, Mutual of America Capital Management LLC boosted its holdings in Armada Hoffler Properties by 18.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 1,862 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

Shares of AHH traded down $0.01 during trading hours on Thursday, reaching $6.80. 90,557 shares of the company traded hands, compared to its average volume of 696,557. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The stock has a market cap of $688.47 million, a P/E ratio of 21.24 and a beta of 0.89. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.46. The stock's fifty day moving average is $7.83 and its 200 day moving average is $9.57.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced 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 business 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%. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 annualized dividend and a yield of 8.24%. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 175.00%.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their target price on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 16th.

Insiders Place Their Bets

In related news, Director A Russell Kirk purchased 50,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of $7.73 per share, with a total value of $386,500.00. Following the completion of the transaction, the director now owns 119,430 shares of the company's stock, valued at approximately $923,193.90. This trade represents a 72.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders bought 90,954 shares of company stock worth $699,607. Corporate insiders own 11.90% of the company's stock.

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.