Raymond James Financial Inc. Acquires New Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Raymond James Financial Inc. bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock worth $25,313,000 after purchasing an additional 140,964 shares during the last quarter. Franklin Resources Inc. grew its holdings in Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust's stock valued at $20,989,000 after buying an additional 158,625 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock worth $19,127,000 after acquiring an additional 56,777 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Armada Hoffler Properties by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust's stock worth $11,929,000 after acquiring an additional 98,829 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $9,049,000. 66.35% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, Scotiabank decreased their price target on 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.

Armada Hoffler Properties Stock Down 0.3 %

Armada Hoffler Properties stock traded down $0.02 during trading on Wednesday, reaching $7.40. The stock had a trading volume of 435,175 shares, compared to its average volume of 891,530. Armada Hoffler Properties, Inc. has a 52-week low of $7.35 and a 52-week high of $12.46. The business has a 50 day moving average price of $8.88 and a 200 day moving average price of $10.13. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The stock has a market cap of $749.77 million, a PE ratio of 23.13 and a beta of 1.04.

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 analysts' expectations of $66.67 million. On average, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 7.57%. Armada Hoffler Properties's dividend payout ratio (DPR) is currently 175.00%.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 50,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were bought at an average price of $7.73 per share, with a total value of $386,500.00. Following the acquisition, the director now owns 119,430 shares of the company's stock, valued at $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have purchased 90,383 shares of company stock valued at $696,607. Company 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.