Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Buys 10,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $7.70 per share, with a total value of $77,000.00. Following the transaction, the director now owns 69,430 shares in the company, valued at approximately $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

A Russell Kirk also recently made the following trade(s):

• On Monday, March 17th, A Russell Kirk acquired 30,000 shares of Armada Hoffler Properties stock. The shares were acquired at an average price of $7.64 per share, with a total value of $229,200.00.

Armada Hoffler Properties Stock Up 2.7 %

NYSE AHH opened at $7.90 on Tuesday. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.46. The business has a 50 day moving average price of $9.14 and a two-hundred day moving average price of $10.31. The stock has a market cap of $799.92 million, a PE ratio of 24.67 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating 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 business had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. As a group, sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is 175.00%.

Analyst Ratings Changes

Separately, Scotiabank reduced their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Armada Hoffler Properties by 3.3% during the 3rd 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 during the last quarter. US Bancorp DE increased its stake in shares of Armada Hoffler Properties by 9,145.7% in the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 38,595 shares during the last quarter. FMR LLC raised its holdings in Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after acquiring an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Armada Hoffler Properties by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after acquiring an additional 97,642 shares during the last quarter. Finally, HGI Capital Management LLC grew its holdings in Armada Hoffler Properties by 44.4% during the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after acquiring an additional 76,919 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

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.