A Russell Kirk Buys 30,000 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk acquired 30,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of $7.64 per share, with a total value of $229,200.00. Following the completion of the transaction, the director now owns 49,430 shares of the company’s stock, valued at approximately $377,645.20. This trade represents a 154.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Armada Hoffler Properties Price Performance

Shares of AHH opened at $7.79 on Friday. 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 1 year low of $7.47 and a 1 year high of $12.46. The stock has a market cap of $788.78 million, a P/E ratio of 24.33 and a beta of 1.04. The stock’s 50-day moving average price is $9.22 and its two-hundred day moving average price is $10.39.

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 analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. On average, equities analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 175.00%.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHH. California State Teachers Retirement System lifted its holdings in shares of Armada Hoffler Properties by 17.5% during the 4th quarter. California State Teachers Retirement System now owns 74,466 shares of the real estate investment trust’s stock valued at $762,000 after purchasing an additional 11,112 shares in the last quarter. Wealthedge Investment Advisors LLC bought a new position in shares of Armada Hoffler Properties during the 4th quarter valued at about $553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Armada Hoffler Properties by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 493,565 shares of the real estate investment trust’s stock valued at $5,049,000 after purchasing an additional 9,885 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Armada Hoffler Properties by 20.0% during the 4th quarter. Two Sigma Advisers LP now owns 93,100 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Armada Hoffler Properties by 31.7% during the 4th quarter. Two Sigma Investments LP now owns 395,218 shares of the real estate investment trust’s stock valued at $4,043,000 after purchasing an additional 95,049 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank lowered their price objective 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.

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.