Landscape Capital Management L.L.C. Makes New Investment in Armada Hoffler Properties, Inc. (NYSE:AHH)

Landscape Capital Management L.L.C. bought a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 18,265 shares of the real estate investment trust’s stock, valued at approximately $187,000.

A number of other hedge funds have also recently made changes to their positions in AHH. Steward Partners Investment Advisory LLC increased its position in Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,000 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in shares of Armada Hoffler Properties during the fourth quarter valued at $107,000. Caisse Des Depots ET Consignations purchased a new position in shares of Armada Hoffler Properties in the 4th quarter worth about $110,000. Inspire Advisors LLC bought a new position in Armada Hoffler Properties in the 4th quarter worth about $122,000. Finally, Mutual of America Capital Management LLC grew its position in Armada Hoffler Properties by 18.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 1,862 shares during the last quarter. 66.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their target price on shares of 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.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the transaction, the director now owns 69,430 shares of the company’s stock, valued at $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 90,954 shares of company stock worth $699,607 in the last three months. 11.90% of the stock is currently owned by company insiders.

Armada Hoffler Properties Trading Down 2.9 %

Armada Hoffler Properties stock opened at $6.38 on Wednesday. Armada Hoffler Properties, Inc. has a one year low of $6.34 and a one year high of $12.46. The business’s fifty day moving average is $8.51 and its 200 day moving average is $9.92. 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 stock has a market capitalization of $646.62 million, a PE ratio of 19.94 and a beta of 0.89.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were given a $0.14 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 8.77%. Armada Hoffler Properties’s payout ratio is 175.00%.

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.