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

Intech Investment Management LLC grew its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 137.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 owned 0.08% of Armada Hoffler Properties worth $853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vision Capital Corp acquired a new position in shares of Armada Hoffler Properties in the 3rd quarter valued at $11,913,000. Sound Income Strategies LLC purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at about $9,049,000. Raymond James Financial Inc. acquired a new position in shares of Armada Hoffler Properties in the fourth quarter valued at about $2,239,000. Franklin Resources Inc. raised its stake 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 worth $20,989,000 after purchasing an additional 158,625 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of 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 purchasing an additional 140,964 shares during the period. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 report on Friday, February 28th.

Insider Activity

In other news, Director A Russell Kirk purchased 30,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $7.64 per share, with a total value of $229,200.00. Following the completion of the acquisition, the director now owns 49,430 shares of the company’s stock, valued at approximately $377,645.20. This represents a 154.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of AHH opened at $7.69 on Monday. The business’s 50-day moving average is $9.18 and its two-hundred day moving average is $10.34. The company has a market capitalization of $778.64 million, a P/E ratio of 24.02 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.47 and a fifty-two 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 posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The firm had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. 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 payout ratio is 175.00%.

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.