Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Buys 10,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the purchase, the director now directly owns 69,430 shares of the company’s stock, valued at approximately $534,611. This represents a 16.83 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, March 17th, A Russell Kirk purchased 30,000 shares of Armada Hoffler Properties stock. The shares were purchased at an average price of $7.64 per share, with a total value of $229,200.00.

Armada Hoffler Properties Stock Down 2.4 %

AHH opened at $7.57 on Thursday. 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 company has a market capitalization of $766.49 million, a PE ratio of 23.64 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.46. The business has a 50-day moving average of $9.07 and a 200-day moving average of $10.26.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The business 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%. Equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is 175.00%.

Institutional Investors Weigh In On Armada Hoffler Properties

Several institutional investors and hedge funds have recently made changes to their positions in AHH. Vision Capital Corp bought a new stake in Armada Hoffler Properties during the 3rd quarter worth about $11,913,000. Sound Income Strategies LLC acquired a new position in Armada Hoffler Properties in the fourth quarter valued at about $9,049,000. Vanguard Group Inc. boosted its stake 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 grew its holdings in shares of 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 valued at $13,453,000 after buying an additional 713,010 shares during the period. Finally, Geode Capital Management LLC grew its stake in Armada Hoffler Properties by 15.3% in the fourth quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after acquiring an additional 269,367 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank cut their target price on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report 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.