ExodusPoint Capital Management LP Sells 80,140 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

ExodusPoint Capital Management LP decreased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,619 shares of the real estate investment trust’s stock after selling 80,140 shares during the period. ExodusPoint Capital Management LP’s holdings in Armada Hoffler Properties were worth $600,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Armada Hoffler Properties by 3.3% during 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 purchasing an additional 56,777 shares during the last quarter. US Bancorp DE boosted its position in shares of Armada Hoffler Properties by 9,145.7% in the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock valued at $399,000 after acquiring an additional 38,595 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock worth $6,737,000 after acquiring an additional 97,642 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Armada Hoffler Properties during the fourth quarter worth $202,000. Finally, Amundi raised its stake in Armada Hoffler Properties by 18.9% during the 4th quarter. Amundi now owns 41,642 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 6,615 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Performance

AHH opened at $6.71 on Friday. The stock’s 50 day simple moving average is $8.27 and its 200-day simple moving average is $9.78. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The stock has a market cap of $679.35 million, a PE ratio of 20.95 and a beta of 0.89. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (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 net margin of 5.99% and a return on equity of 5.96%. Sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.35%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Insiders Place Their Bets

In related news, Director A Russell Kirk acquired 30,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the purchase, the director now directly owns 49,430 shares of the company’s stock, valued at $377,645.20. The trade was a 154.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 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.

Wall Street Analysts Forecast Growth

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

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.