Mesirow Institutional Investment Management Inc. Boosts Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Mesirow Institutional Investment Management Inc. grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,294,579 shares of the real estate investment trust’s stock after purchasing an additional 100,660 shares during the quarter. Mesirow Institutional Investment Management Inc.’s holdings in Armada Hoffler Properties were worth $13,244,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Armada Hoffler Properties by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after buying an additional 829,392 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Armada Hoffler Properties by 9.0% during the fourth quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust’s stock valued at $21,542,000 after acquiring an additional 173,149 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Armada Hoffler Properties by 15.3% in 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 purchasing an additional 269,367 shares during the last quarter. Invesco Ltd. boosted its stake in Armada Hoffler Properties by 1.9% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Armada Hoffler Properties by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock valued at $11,929,000 after purchasing an additional 98,829 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director A Russell Kirk purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average cost of $7.73 per share, with a total value of $386,500.00. Following the completion of the acquisition, the director now owns 119,430 shares of the company’s stock, valued at approximately $923,193.90. This represents a 72.01 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have purchased 90,954 shares of company stock worth $699,607. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH opened at $6.81 on Friday. The stock has a market cap of $689.48 million, a price-to-earnings ratio of 21.27 and a beta of 0.89. Armada Hoffler Properties, Inc. has a 12 month low of $6.10 and a 12 month high of $12.46. The company has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $9.64. 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 posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. The company 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%. As a group, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.23%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is presently 175.00%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank dropped their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Wednesday.

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.