Sumitomo Mitsui Trust Holdings Inc. Raises Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Sumitomo Mitsui Trust Holdings Inc. increased its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 12.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 80,883 shares of the real estate investment trust’s stock after acquiring an additional 9,180 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.09% of Armada Hoffler Properties worth $1,001,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. bought a new position in Armada Hoffler Properties during the third quarter worth about $62,000. Quadrature Capital Ltd bought a new position in Armada Hoffler Properties in the 3rd quarter worth approximately $143,000. Jump Financial LLC purchased a new position in Armada Hoffler Properties in the 3rd quarter valued at approximately $191,000. Custom Index Systems LLC bought a new stake in Armada Hoffler Properties during the 4th quarter valued at $267,000. Finally, Inspire Investing LLC purchased a new stake in shares of Armada Hoffler Properties during the third quarter worth $307,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $10.51 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 9.55 and a current ratio of 9.55. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The stock has a market cap of $928.43 million, a PE ratio of -210.06 and a beta of 0.99. The stock has a fifty day moving average of $10.54 and a 200-day moving average of $11.14.

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

Armada Hoffler Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.205 dividend. The ex-dividend date was Tuesday, March 26th. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 7.81%. Armada Hoffler Properties’s dividend payout ratio is currently -1,639.67%.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $10.37 per share, with a total value of $46,665.00. Following the completion of the acquisition, the director now owns 12,005 shares in the company, valued at approximately $124,491.85. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders bought a total of 7,129 shares of company stock valued at $74,291 in the last three months. Company insiders own 11.70% of the company’s stock.

Armada Hoffler Properties Company Profile

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.