Vanguard Group Inc. Has $97.36 Million Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Vanguard Group Inc. raised its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,516,800 shares of the real estate investment trust's stock after acquiring an additional 829,392 shares during the period. Vanguard Group Inc. owned approximately 9.39% of Armada Hoffler Properties worth $97,357,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its position 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. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at $107,000. Inspire Advisors LLC purchased a new position in shares of Armada Hoffler Properties in the 4th quarter worth about $122,000. Mutual of America Capital Management LLC lifted its position in Armada Hoffler Properties by 18.2% during the fourth 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 in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in 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 purchasing an additional 1,190 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH traded up $0.01 during mid-day trading on Tuesday, reaching $6.91. 96,310 shares of the company traded hands, compared to its average volume of 970,021. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The stock has a fifty day simple moving average of $8.22 and a 200-day simple moving average of $9.75. The firm has a market cap of $699.61 million, a PE ratio of 21.59 and a beta of 0.89.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The business had revenue of $62.95 million during the quarter, compared to the consensus estimate 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.11%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is presently 175.00%.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk bought 30,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $7.64 per share, with a total value of $229,200.00. Following the completion of the transaction, the director now directly owns 49,430 shares of the company's stock, valued at approximately $377,645.20. The trade was a 154.40 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 90,954 shares of company stock valued at $699,607 in the last quarter. Company insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

Separately, Scotiabank cut 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 note on Friday, February 28th.

About Armada Hoffler Properties

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.