State of New Jersey Common Pension Fund D Grows Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

State of New Jersey Common Pension Fund D raised its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 74.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 282,631 shares of the real estate investment trust's stock after purchasing an additional 120,838 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.28% of Armada Hoffler Properties worth $2,891,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AHH. KBC Group NV raised its position in Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 1,962 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $107,000. Versor Investments LP purchased a new stake in Armada Hoffler Properties during the third quarter valued at about $108,000. Van ECK Associates Corp raised its position in Armada Hoffler Properties by 12.3% during the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust's stock valued at $126,000 after purchasing an additional 1,251 shares in the last quarter. Finally, abrdn plc raised its position in Armada Hoffler Properties by 10.5% during the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust's stock valued at $150,000 after purchasing an additional 1,322 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Trading Up 0.0 %

Shares of NYSE:AHH traded up $0.00 on Monday, reaching $8.92. 993,894 shares of the company traded hands, compared to its average volume of 692,985. The business's 50-day simple moving average is $9.80 and its 200 day simple moving average is $10.79. Armada Hoffler Properties, Inc. has a 52 week low of $8.76 and a 52 week high of $12.46. The stock has a market capitalization of $904.44 million, a P/E ratio of 27.89 and a beta of 1.03. 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 posted its 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. The company had revenue of $62.95 million for the quarter, compared to analysts' expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were paid a $0.205 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 9.19%. Armada Hoffler Properties's payout ratio is presently 256.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AHH shares. Scotiabank started coverage on Armada Hoffler Properties in a research report on Tuesday, January 28th. They set a "sector perform" rating and a $11.00 price target on the stock. Stifel Nicolaus raised their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research note on Tuesday, November 5th.

Insider Buying and Selling

In other news, Director Dennis H. Gartman acquired 4,500 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 11.90% of the stock is owned by insiders.

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.