KLP Kapitalforvaltning AS Buys New Shares in Armada Hoffler Properties, Inc. (NYSE:AHH)

KLP Kapitalforvaltning AS bought a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 38,600 shares of the real estate investment trust's stock, valued at approximately $402,000.

Other large investors have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings 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 acquiring an additional 2,000 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Armada Hoffler Properties in the fourth quarter worth approximately $107,000. Inspire Advisors LLC acquired a new position in shares of Armada Hoffler Properties during the 4th quarter valued at $122,000. Mutual of America Capital Management LLC raised its stake in shares of 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 worth $123,000 after buying an additional 1,862 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Armada Hoffler Properties by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock worth $142,000 after buying an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company's stock.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $7.70 per share, for a total transaction of $77,000.00. Following the purchase, the director now directly owns 69,430 shares in the company, valued at $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 90,954 shares of company stock valued at $699,607. 11.90% of the stock is owned by insiders.

Armada Hoffler Properties Stock Up 6.5 %

Shares of NYSE:AHH traded up $0.41 on Wednesday, reaching $6.78. The company had a trading volume of 2,169,038 shares, compared to its average volume of 669,347. The stock has a market capitalization of $687.15 million, a P/E ratio of 21.19 and a beta of 0.89. The stock has a 50-day moving average price of $8.40 and a 200 day moving average price of $9.86. Armada Hoffler Properties, Inc. has a twelve month low of $6.13 and a twelve month 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.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its earnings results 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. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. On average, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 175.00%.

Analyst Upgrades and Downgrades

Separately, Scotiabank reduced their price objective on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th.

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.