Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 16,303 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 62.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,467 shares of the real estate investment trust’s stock after buying an additional 16,303 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Armada Hoffler Properties were worth $434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC raised its stake 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 buying an additional 56,777 shares during the period. US Bancorp DE raised its position in shares of Armada Hoffler Properties by 9,145.7% during the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 38,595 shares during the period. FMR LLC lifted its holdings in shares of Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after purchasing an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Armada Hoffler Properties by 18.6% in 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 purchasing an additional 97,642 shares during the period. Finally, HGI Capital Management LLC increased its stake 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 purchasing an additional 76,919 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

Insider Activity at Armada Hoffler Properties

In other news, Director A Russell Kirk bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average cost of $7.73 per share, with a total value of $386,500.00. Following the completion of the purchase, the director now owns 119,430 shares of the company’s stock, valued at $923,193.90. This represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have purchased 90,383 shares of company stock valued at $696,607. 11.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Armada Hoffler Properties Stock Down 0.5 %

NYSE:AHH opened at $7.52 on Friday. The company has a market cap of $761.42 million, a PE ratio of 23.49 and a beta of 1.04. The stock has a 50-day simple moving average of $9.02 and a 200 day simple moving average of $10.24. 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, Inc. has a 52-week low of $7.47 and a 52-week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted 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. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. On average, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is 175.00%.

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.