Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. cut its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 26.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 668,681 shares of the real estate investment trust’s stock after selling 235,358 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Armada Hoffler Properties were worth $6,841,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its position in Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 2,000 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,551 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties in the 4th quarter valued at approximately $107,000. Caisse Des Depots ET Consignations acquired a new position in Armada Hoffler Properties during the fourth quarter worth $110,000. Finally, Inspire Advisors LLC acquired a new position in Armada Hoffler Properties during the fourth quarter worth $122,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

AHH has been the subject of a number of research analyst reports. Scotiabank dropped their price target on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus dropped their target price on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating for the company in a report on Thursday.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director A Russell Kirk bought 30,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the transaction, the director now owns 49,430 shares of the company’s stock, valued at $377,645.20. This represents a 154.40 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 90,954 shares of company stock worth $699,607. 11.90% of the stock is owned by insiders.

Armada Hoffler Properties Stock Performance

NYSE AHH opened at $6.88 on Friday. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.46. The business has a fifty day moving average of $7.28 and a 200-day moving average of $9.23. The stock has a market cap of $697.08 million, a price-to-earnings ratio of 21.50 and a beta of 1.09.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $63.80 million during the quarter, compared to analyst estimates of $63.18 million. As a group, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.14%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is 175.00%.

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.