LSV Asset Management Sells 324,400 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

LSV Asset Management trimmed its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 44.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,501 shares of the real estate investment trust's stock after selling 324,400 shares during the quarter. LSV Asset Management owned approximately 0.41% of Armada Hoffler Properties worth $4,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AHH. Raymond James Financial Inc. purchased a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $2,239,000. Legal & General Group Plc increased its holdings in Armada Hoffler Properties by 14.6% in the 4th quarter. Legal & General Group Plc now owns 534,447 shares of the real estate investment trust's stock worth $5,467,000 after acquiring an additional 68,173 shares during the last quarter. Invesco Ltd. raised its stake in Armada Hoffler Properties by 1.9% in the 4th quarter. Invesco Ltd. now owns 1,262,039 shares of the real estate investment trust's stock valued at $12,911,000 after acquiring an additional 24,026 shares during the period. Bank of Montreal Can lifted its holdings in Armada Hoffler Properties by 21.0% during the fourth quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 2,502 shares during the last quarter. Finally, Polymer Capital Management US LLC bought a new position in Armada Hoffler Properties during the fourth quarter worth about $229,000. 66.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Wednesday.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock traded up $0.25 on Friday, reaching $6.81. The stock had a trading volume of 887,108 shares, compared to its average volume of 692,918. The business's 50 day moving average is $7.99 and its two-hundred day moving average is $9.65. The company has a market cap of $689.48 million, a P/E ratio of 21.27 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 company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. As a group, research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 175.00%.

Insider Transactions at Armada Hoffler Properties

In other news, Director A Russell Kirk bought 50,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was acquired at an average price of $7.73 per share, with a total value of $386,500.00. Following the completion of the purchase, the director now directly owns 119,430 shares in the company, valued at $923,193.90. This represents a 72.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders purchased 90,954 shares of company stock valued at $699,607. 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.