Sound Income Strategies LLC Makes New Investment in Armada Hoffler Properties, Inc. (NYSE:AHH)

Sound Income Strategies LLC bought a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 884,582 shares of the real estate investment trust's stock, valued at approximately $9,049,000. Sound Income Strategies LLC owned 0.87% of Armada Hoffler Properties at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AHH. Point72 DIFC Ltd bought a new stake in Armada Hoffler Properties during the 2nd quarter valued at $46,000. KBC Group NV raised its holdings in shares of Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Armada Hoffler Properties in the second quarter worth about $55,000. Quarry LP grew its holdings in Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock worth $65,000 after acquiring an additional 4,790 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Armada Hoffler Properties during the 3rd quarter valued at about $108,000. 66.35% of the stock is currently owned by institutional investors.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now owns 31,649 shares of the company's stock, valued at $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 11.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AHH. Stifel Nicolaus boosted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. StockNews.com cut shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Performance

Shares of AHH stock traded up $0.02 during trading hours on Friday, hitting $9.86. The company's stock had a trading volume of 671,124 shares, compared to its average volume of 642,615. The stock has a market cap of $998.90 million, a PE ratio of -46.93 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 12-month low of $9.26 and a 12-month high of $12.46. The company has a 50 day moving average of $10.44 and a 200 day moving average of $11.12. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company had revenue of $68.60 million during the quarter, compared to analysts' expectations of $65.01 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company's revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.32%. Armada Hoffler Properties's dividend payout ratio (DPR) is -390.46%.

Armada Hoffler Properties Company Profile

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.