Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk Buys 10,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk acquired 10,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the purchase, the director now owns 69,430 shares in the company, valued at $534,611. The trade was a 16.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 17th, A Russell Kirk purchased 30,000 shares of Armada Hoffler Properties stock. The stock was acquired at an average cost of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Price Performance

NYSE:AHH opened at $7.90 on Tuesday. Armada Hoffler Properties, Inc. has a 12-month low of $7.47 and a 12-month high of $12.46. The firm has a market cap of $799.92 million, a price-to-earnings ratio of 24.67 and a beta of 1.04. The company’s 50-day moving average is $9.14 and its two-hundred day moving average is $10.31. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 5.99% and a return on equity of 5.96%. Research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 annualized dividend and a yield of 7.09%. Armada Hoffler Properties’s payout ratio is currently 175.00%.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their price objective 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.

Hedge Funds Weigh In On Armada Hoffler Properties

Large investors have recently added to or reduced their stakes in the business. Vision Capital Corp acquired a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at about $11,913,000. Sound Income Strategies LLC acquired a new position in Armada Hoffler Properties during the fourth quarter worth approximately $9,049,000. Vanguard Group Inc. raised its stake in Armada Hoffler Properties by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after purchasing an additional 829,392 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Armada Hoffler Properties by 118.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock valued at $13,453,000 after purchasing an additional 713,010 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Armada Hoffler Properties by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after buying an additional 269,367 shares during the period. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

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.