Zurcher Kantonalbank Zurich Cantonalbank Purchases 35,222 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 91.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 73,739 shares of the real estate investment trust's stock after purchasing an additional 35,222 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Armada Hoffler Properties worth $754,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock worth $25,313,000 after purchasing an additional 140,964 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust's stock worth $20,989,000 after buying an additional 158,625 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock worth $19,127,000 after buying an additional 56,777 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Armada Hoffler Properties by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust's stock valued at $11,929,000 after acquiring an additional 98,829 shares in the last quarter. Finally, Vision Capital Corp purchased a new stake in shares of Armada Hoffler Properties during the third quarter valued at approximately $11,913,000. 66.35% of the stock is owned by institutional investors.

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Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock traded down $0.17 on Tuesday, reaching $7.73. 1,106,276 shares of the company traded hands, compared to its average volume of 593,485. The company has a 50 day moving average of $9.14 and a 200 day moving average of $10.31. 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 $7.47 and a 52 week high of $12.46. The firm has a market capitalization of $783.20 million, a PE ratio of 24.16 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced 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 business had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 7.24%. Armada Hoffler Properties's dividend payout ratio is 175.00%.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director A Russell Kirk purchased 30,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $7.64 per share, with a total value of $229,200.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have acquired 40,383 shares of company stock valued at $310,107 in the last 90 days. 11.90% of the stock is currently owned by company 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.