Uniplan Investment Counsel Inc. Sells 659,904 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Uniplan Investment Counsel Inc. decreased its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 68.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,085 shares of the real estate investment trust's stock after selling 659,904 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 0.30% of Armada Hoffler Properties worth $3,111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHH. Victory Capital Management Inc. grew its holdings in shares of Armada Hoffler Properties by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock valued at $142,000 after acquiring an additional 1,190 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Armada Hoffler Properties by 23.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,551 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of 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 valued at $123,000 after buying an additional 1,862 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Armada Hoffler Properties by 80.0% in 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 buying an additional 2,000 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in Armada Hoffler Properties by 21.0% during the fourth quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust's stock worth $147,000 after buying an additional 2,502 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Down 1.0 %

AHH opened at $6.75 on Tuesday. The stock's fifty day simple moving average is $7.93 and its 200 day simple moving average is $9.61. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.46. The stock has a market cap of $683.91 million, a PE ratio of 21.09 and a beta of 0.89. 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 issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio is presently 175.00%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price target on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 16th.

Insider Transactions at Armada Hoffler Properties

In other news, Director A Russell Kirk purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $7.70 per share, with a total value of $77,000.00. Following the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. This trade represents a 16.83 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 90,954 shares of company stock worth $699,607 over the last quarter. Company insiders own 11.90% of the company's stock.

Armada Hoffler Properties 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.

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