Teacher Retirement System of Texas acquired a new position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 and hedge funds have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its position in shares of Armada Hoffler Properties by 14.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 26,838 shares of the real estate investment trust's stock worth $275,000 after buying an additional 3,452 shares during the period. Intech Investment Management LLC boosted its stake in Armada Hoffler Properties by 137.1% in the fourth quarter. Intech Investment Management LLC now owns 83,421 shares of the real estate investment trust's stock valued at $853,000 after acquiring an additional 48,230 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Armada Hoffler Properties by 15.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 61,599 shares of the real estate investment trust's stock worth $630,000 after acquiring an additional 8,299 shares during the period. Swiss National Bank raised its position in shares of Armada Hoffler Properties by 2.2% during the 4th quarter. Swiss National Bank now owns 156,784 shares of the real estate investment trust's stock valued at $1,604,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Inspire Advisors LLC bought a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at $122,000. 66.35% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Scotiabank reduced 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 report on Friday, February 28th.
Get Our Latest Research Report on Armada Hoffler Properties
Armada Hoffler Properties Trading Down 0.3 %
Armada Hoffler Properties stock traded down $0.02 during midday trading on Wednesday, hitting $7.40. 435,175 shares of the stock were exchanged, 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 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 capitalization of $749.77 million, a PE ratio of 23.13 and a beta of 1.04. The company has a fifty day simple moving average of $8.88 and a two-hundred day simple moving average of $10.13.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $66.67 million. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.
Armada Hoffler Properties Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio is currently 175.00%.
Insider Transactions at Armada Hoffler Properties
In related news, Director A Russell Kirk acquired 10,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the transaction, the director now directly owns 69,430 shares of the company's stock, valued at approximately $534,611. The trade was a 16.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 90,383 shares of company stock valued at $696,607 over the last 90 days. 11.90% of the stock is owned by company insiders.
Armada Hoffler Properties Company 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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