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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 62.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,467 shares of the real estate investment trust’s stock after acquiring an additional 16,303 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Armada Hoffler Properties were worth $434,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its holdings in Armada Hoffler Properties by 80.0% during 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 purchasing an additional 2,000 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Armada Hoffler Properties in the 4th quarter valued at $107,000. Inspire Advisors LLC acquired a new stake in Armada Hoffler Properties in the 4th quarter valued at $122,000. Mutual of America Capital Management LLC raised its stake in Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 1,862 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 1,190 shares during the period. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of AHH stock opened at $7.52 on Friday. Armada Hoffler Properties, Inc. has a 52 week low of $7.47 and a 52 week high of $12.46. The stock has a market capitalization of $761.42 million, a PE ratio of 23.49 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The stock’s fifty day moving average is $9.02 and its 200-day moving average is $10.24.

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 for the quarter, beating the consensus estimate 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 firm had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be given 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 yield of 7.45%. Armada Hoffler Properties’s payout ratio is 175.00%.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk bought 50,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of $7.73 per share, with a total value of $386,500.00. Following the purchase, the director now owns 119,430 shares of the company’s stock, valued at $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders bought 90,383 shares of company stock valued at $696,607. Company insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank dropped their target price on shares of 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 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.