New York State Teachers Retirement System Has $1.20 Million Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

New York State Teachers Retirement System lowered its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,584 shares of the real estate investment trust’s stock after selling 2,500 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Armada Hoffler Properties worth $1,195,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AHH. Advisory Services Network LLC acquired a new position in Armada Hoffler Properties in the 1st quarter valued at $32,000. Federated Hermes Inc. acquired a new stake in shares of Armada Hoffler Properties during the 1st quarter worth $35,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Armada Hoffler Properties during the 3rd quarter worth $62,000. Captrust Financial Advisors acquired a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth $100,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Armada Hoffler Properties during the 3rd quarter worth $109,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

AHH opened at $10.10 on Thursday. The firm has a market cap of $892.64 million, a P/E ratio of -201.96 and a beta of 0.99. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11. The company has a debt-to-equity ratio of 2.35, a quick ratio of 9.55 and a current ratio of 9.55. The business’s fifty day moving average is $10.65 and its 200-day moving average is $11.13.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.59). The company had revenue of $186.75 million for the quarter, compared to analyst estimates of $63.93 million. Armada Hoffler Properties had a return on equity of 1.09% and a net margin of 1.12%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. Sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid a $0.205 dividend. The ex-dividend date was Tuesday, March 26th. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 8.12%. Armada Hoffler Properties’s dividend payout ratio (DPR) is -1,639.67%.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $10.37 per share, with a total value of $46,665.00. Following the completion of the purchase, the director now directly owns 12,005 shares of the company’s stock, valued at approximately $124,491.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 7,129 shares of company stock valued at $74,291 over the last ninety days. 11.70% of the stock is owned by corporate insiders.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.