JPMorgan Chase & Co. Has $8.20 Million Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

JPMorgan Chase & Co. grew its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 28.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 801,274 shares of the real estate investment trust's stock after purchasing an additional 179,179 shares during the quarter. JPMorgan Chase & Co. owned about 0.79% of Armada Hoffler Properties worth $8,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its holdings in Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after buying an additional 2,000 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth about $107,000. Inspire Advisors LLC bought a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at about $122,000. Mutual of America Capital Management LLC lifted its stake in Armada Hoffler Properties by 18.2% in the 4th 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. Finally, Victory Capital Management Inc. grew its holdings in Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,190 shares during the period. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Stock Performance

Shares of AHH stock traded up $0.25 during midday trading on Friday, hitting $6.81. 887,108 shares of the company were exchanged, compared to its average volume of 694,124. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $12.46. The firm has a market capitalization of $689.48 million, a P/E ratio of 21.27 and a beta of 0.89. The firm's 50 day moving average price is $7.99 and its two-hundred day moving average price is $9.63. 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 (NYSE:AHH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. The firm had revenue of $62.95 million for 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%. As a group, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed 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 was Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 8.23%. Armada Hoffler Properties's dividend payout ratio is presently 175.00%.

Insider Activity

In other news, Director A Russell Kirk acquired 50,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was acquired at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the completion of the transaction, the director now directly owns 119,430 shares in the company, valued at approximately $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders purchased 90,954 shares of company stock worth $699,607. 11.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Scotiabank dropped their price objective on 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 Company 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.