Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 137.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,421 shares of the real estate investment trust’s stock after buying an additional 48,230 shares during the period. Intech Investment Management LLC’s holdings in Armada Hoffler Properties were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its position in Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after acquiring an additional 140,964 shares during the period. Franklin Resources Inc. grew its position in shares of Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after purchasing an additional 158,625 shares during the period. Geode Capital Management LLC increased its stake in shares of Armada Hoffler Properties by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 56,777 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Armada Hoffler Properties by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock worth $11,929,000 after purchasing an additional 98,829 shares during the last quarter. Finally, Vision Capital Corp purchased a new position in Armada Hoffler Properties in the 3rd quarter valued at about $11,913,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Down 1.2 %

Shares of AHH stock opened at $7.69 on Monday. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.46. The firm has a market capitalization of $778.64 million, a P/E ratio of 24.02 and a beta of 1.04. The stock’s fifty day moving average is $9.18 and its two-hundred day moving average is $10.34. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.29%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Insider Activity at Armada Hoffler Properties

In other news, Director A Russell Kirk purchased 30,000 shares of the stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $7.64 per share, with a total value of $229,200.00. Following the transaction, the director now owns 49,430 shares in the company, valued at $377,645.20. The trade was a 154.40 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank cut 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 note on Friday, February 28th.

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.