Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,695 shares of the real estate investment trust’s stock after selling 2,570 shares during the period. Nisa Investment Advisors LLC’s holdings in Armada Hoffler Properties were worth $293,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Federated Hermes Inc. acquired a new position in Armada Hoffler Properties during the first quarter worth approximately $35,000. Advisory Services Network LLC acquired a new position in Armada Hoffler Properties in the first quarter valued at $32,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Armada Hoffler Properties in the third quarter valued at about $62,000. Captrust Financial Advisors acquired a new stake in shares of Armada Hoffler Properties during the second quarter worth about $100,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Armada Hoffler Properties during the third quarter worth about $109,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average price of $10.37 per share, with a total value of $46,665.00. Following the acquisition, the director now owns 12,005 shares of the company’s stock, valued at $124,491.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 7,129 shares of company stock worth $74,291 over the last ninety days. 11.70% of the stock is currently owned by company insiders.

Armada Hoffler Properties Stock Up 1.2 %

AHH opened at $10.23 on Friday. Armada Hoffler Properties, Inc. has a 52 week low of $9.81 and a 52 week high of $13.11. The business has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $11.12. The company has a quick ratio of 9.55, a current ratio of 9.55 and a debt-to-equity ratio of 2.35. The company has a market cap of $904.13 million, a PE ratio of -204.56 and a beta of 0.99.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.59). Armada Hoffler Properties had a return on equity of 1.09% and a net margin of 1.12%. The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $63.93 million. During the same quarter last year, the company earned $0.35 EPS. Armada Hoffler Properties’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current year.

Armada Hoffler Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a $0.205 dividend. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.02%. Armada Hoffler Properties’s payout ratio is presently -1,639.67%.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.