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 bought 30,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost 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 $377,645.20. This trade represents a 154.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Armada Hoffler Properties Stock Down 0.4 %

Shares of NYSE AHH opened at $7.79 on Friday. The stock has a market cap of $788.78 million, a PE ratio of 24.33 and a beta of 1.04. The business has a fifty day moving average of $9.22 and a two-hundred day moving average of $10.39. Armada Hoffler Properties, Inc. has a 52-week low of $7.47 and a 52-week high of $12.46. 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 issued 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. The company had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be paid 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 7.19%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Institutional Trading of Armada Hoffler Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its stake in shares of Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,000 shares in the last quarter. KBC Group NV increased its stake in shares of Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,962 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in shares of Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at $107,000. Finally, Caisse Des Depots ET Consignations acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at $110,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Scotiabank reduced their target price 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.