LSV Asset Management Reduces Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

LSV Asset Management trimmed its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 44.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,501 shares of the real estate investment trust’s stock after selling 324,400 shares during the period. LSV Asset Management owned about 0.41% of Armada Hoffler Properties worth $4,230,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AHH. Raymond James Financial Inc. purchased a new position in shares of Armada Hoffler Properties during the fourth quarter valued at approximately $2,239,000. Legal & General Group Plc lifted its stake in shares of Armada Hoffler Properties by 14.6% during the 4th quarter. Legal & General Group Plc now owns 534,447 shares of the real estate investment trust’s stock worth $5,467,000 after purchasing an additional 68,173 shares during the period. Invesco Ltd. lifted its stake in shares of Armada Hoffler Properties by 1.9% during the 4th quarter. Invesco Ltd. now owns 1,262,039 shares of the real estate investment trust’s stock worth $12,911,000 after purchasing an additional 24,026 shares during the period. Bank of Montreal Can grew its position in shares of Armada Hoffler Properties by 21.0% in the fourth quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 2,502 shares during the period. Finally, Polymer Capital Management US LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at $229,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Scotiabank decreased their price target on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost of $7.73 per share, with a total value of $386,500.00. Following the transaction, the director now owns 119,430 shares in the company, valued at approximately $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 90,954 shares of company stock valued at $699,607 over the last 90 days. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Up 2.8 %

Shares of NYSE AHH opened at $6.71 on Monday. The stock has a market capitalization of $679.35 million, a PE ratio of 20.95 and a beta of 0.89. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The firm has a fifty day moving average of $8.27 and a 200-day moving average of $9.78. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly 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 company had revenue of $62.95 million during 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%. On average, analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 8.35%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

About Armada Hoffler Properties

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.