Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Purchased by Mesirow Institutional Investment Management Inc.

Mesirow Institutional Investment Management Inc. raised its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,294,579 shares of the real estate investment trust's stock after purchasing an additional 100,660 shares during the quarter. Mesirow Institutional Investment Management Inc. owned about 1.28% of Armada Hoffler Properties worth $13,244,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Armada Hoffler Properties by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust's stock valued at $97,357,000 after acquiring an additional 829,392 shares during the last quarter. Franklin Resources Inc. raised its holdings in Armada Hoffler Properties by 9.0% in the fourth quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust's stock valued at $21,542,000 after buying an additional 173,149 shares during the period. Geode Capital Management LLC raised its holdings in Armada Hoffler Properties by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust's stock valued at $20,824,000 after buying an additional 269,367 shares during the period. Invesco Ltd. lifted its position in Armada Hoffler Properties by 1.9% during the fourth quarter. Invesco Ltd. now owns 1,262,039 shares of the real estate investment trust's stock valued at $12,911,000 after buying an additional 24,026 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Armada Hoffler Properties by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust's stock valued at $11,929,000 after acquiring an additional 98,829 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director A Russell Kirk acquired 30,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the purchase, the director now directly owns 49,430 shares in the company, valued at $377,645.20. This trade represents a 154.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 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 cut 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 report on Wednesday, April 16th.

Armada Hoffler Properties Stock Down 0.1 %

AHH traded down $0.01 on Thursday, reaching $6.79. The company's stock had a trading volume of 890,900 shares, compared to its average volume of 699,662. The stock has a market cap of $687.96 million, a price-to-earnings ratio of 21.22 and a beta of 0.89. The business's 50 day moving average is $7.83 and its 200 day moving average is $9.57. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $12.46.

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 earnings per share (EPS) 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 business had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. As a group, research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 8.25%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is currently 175.00%.

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.