Armada Hoffler Properties, Inc. (NYSE:AHH) Director Acquires $386,500.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk purchased 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of $7.73 per share, with a total value of $386,500.00. Following the purchase, the director now owns 119,430 shares in the company, valued at $923,193.90. The trade was a 72.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

A Russell Kirk also recently made the following trade(s):

• On Thursday, March 20th, A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock. The stock was purchased at an average cost of $7.70 per share, with a total value of $77,000.00.
• On Monday, March 17th, A Russell Kirk purchased 30,000 shares of Armada Hoffler Properties stock. The shares were purchased at an average cost of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Stock Down 0.7 %

AHH opened at $7.47 on Friday. The business’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $10.20. Armada Hoffler Properties, Inc. has a 52 week low of $7.37 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 cap of $756.35 million, a PE ratio of 23.33 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data 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. The firm had revenue of $62.95 million for 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%. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 7.50%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

Analyst Upgrades and Downgrades

Separately, Scotiabank decreased their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday, February 28th.

Hedge Funds Weigh In On Armada Hoffler Properties

Several institutional investors and hedge funds have recently made changes to their positions in AHH. Sound Income Strategies LLC purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $9,049,000. Vanguard Group Inc. grew its position in Armada Hoffler Properties by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after acquiring an additional 829,392 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Armada Hoffler Properties by 118.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock worth $13,453,000 after purchasing an additional 713,010 shares during the period. Geode Capital Management LLC increased its stake in Armada Hoffler Properties by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock worth $20,824,000 after purchasing an additional 269,367 shares during the period. Finally, Northern Trust Corp lifted its position in Armada Hoffler Properties by 35.6% in the fourth quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust’s stock valued at $9,496,000 after purchasing an additional 243,541 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

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.