First Eagle Investment Management LLC Decreases Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

First Eagle Investment Management LLC decreased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 683,736 shares of the real estate investment trust’s stock after selling 50,200 shares during the quarter. First Eagle Investment Management LLC’s holdings in Armada Hoffler Properties were worth $6,995,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its stake in shares of 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 purchasing an additional 2,000 shares during the period. KBC Group NV grew its stake in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Stoneridge Investment Partners LLC bought a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at about $107,000. Versor Investments LP bought a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at about $108,000. Finally, Inspire Advisors LLC bought a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at about $122,000. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Trading Down 1.4 %

Shares of NYSE:AHH opened at $7.59 on Friday. The stock has a 50 day moving average of $9.39 and a 200 day moving average of $10.51. The company has a market cap of $768.61 million, a PE ratio of 23.71 and a beta of 1.04. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 12-month low of $7.56 and a 12-month high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data 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 company had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, equities research analysts expect 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 will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 7.38%. Armada Hoffler Properties’s payout ratio is 256.25%.

Analyst Ratings Changes

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