Teacher Retirement System of Texas acquired a new position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 61,164 shares of the real estate investment trust's stock, valued at approximately $626,000. Teacher Retirement System of Texas owned 0.06% of Armada Hoffler Properties as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its position in Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 2,000 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Armada Hoffler Properties during the 4th quarter valued at about $107,000. Inspire Advisors LLC bought a new position in shares of Armada Hoffler Properties during the 4th quarter valued at approximately $122,000. Mutual of America Capital Management LLC increased its holdings in Armada Hoffler Properties by 18.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 1,862 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Armada Hoffler Properties by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock worth $142,000 after acquiring an additional 1,190 shares during the period. Institutional investors own 66.35% of the company's stock.
Analysts Set New Price Targets
Separately, Scotiabank dropped their price target on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th.
Check Out Our Latest Stock Analysis on AHH
Armada Hoffler Properties Price Performance
Shares of NYSE AHH traded down $0.42 during mid-day trading on Thursday, reaching $6.94. The company's stock had a trading volume of 1,776,965 shares, compared to its average volume of 646,731. 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 52 week low of $6.81 and a 52 week high of $12.46. The stock has a fifty day moving average of $8.77 and a two-hundred day moving average of $10.09. The firm has a market capitalization of $703.36 million, a PE ratio of 21.69 and a beta of 1.04.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.
Armada Hoffler Properties Cuts Dividend
The business also recently declared 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. This represents a $0.56 annualized dividend and a yield of 8.07%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties's payout ratio is currently 175.00%.
Insider Buying and Selling at Armada Hoffler Properties
In other news, Director A Russell Kirk bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the transaction, the director now owns 69,430 shares of the company's stock, valued at approximately $534,611. This represents a 16.83 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders purchased 90,000 shares of company stock valued at $692,700 in the last 90 days. Insiders own 11.90% of the company's stock.
About Armada Hoffler Properties
(
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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