Raymond James Financial Inc. purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 218,888 shares of the real estate investment trust's stock, valued at approximately $2,239,000. Raymond James Financial Inc. owned approximately 0.22% of Armada Hoffler Properties at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC increased its position in Armada Hoffler Properties by 80.0% during the 4th 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 position in shares of Armada Hoffler Properties during the fourth quarter valued at about $107,000. Mutual of America Capital Management LLC increased its holdings in shares of Armada Hoffler Properties by 18.2% during 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 acquiring an additional 1,862 shares in the last quarter. Victory Capital Management Inc. raised its position 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 valued at $142,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Versor Investments LP boosted its stake in Armada Hoffler Properties by 49.0% in the 4th quarter. Versor Investments LP now owns 14,900 shares of the real estate investment trust's stock worth $152,000 after purchasing an additional 4,900 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company's stock.
Armada Hoffler Properties Stock Performance
Armada Hoffler Properties stock traded down $0.42 during trading hours on Thursday, hitting $6.94. 1,776,965 shares of the stock traded hands, compared to its average volume of 646,731. The firm's 50 day moving average price is $8.77 and its 200-day moving average price is $10.09. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The stock has a market capitalization of $703.36 million, a price-to-earnings ratio of 21.69 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 1 year low of $6.81 and a 1 year high of $12.46.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly 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 net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. As a group, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.
Armada Hoffler Properties Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.07%. Armada Hoffler Properties's payout ratio is currently 175.00%.
Insider Buying and Selling at Armada Hoffler Properties
In related news, Director A Russell Kirk bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average cost of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now directly owns 69,430 shares in the company, valued at approximately $534,611. The trade was a 16.83 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 90,000 shares of company stock worth $692,700. Insiders own 11.90% of the company's stock.
Analysts Set New Price Targets
Separately, Scotiabank cut their price target on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th.
Read Our Latest Analysis on Armada Hoffler Properties
Armada Hoffler Properties Profile
(
Free Report)
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.
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