First Eagle Investment Management LLC Sells 50,200 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

First Eagle Investment Management LLC lowered its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 683,736 shares of the real estate investment trust’s stock after selling 50,200 shares during the quarter. First Eagle Investment Management LLC owned about 0.67% of Armada Hoffler Properties worth $6,995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AHH. Los Angeles Capital Management LLC purchased a new position in Armada Hoffler Properties during the third quarter valued at $292,000. Versor Investments LP purchased a new position in Armada Hoffler Properties during the third quarter valued at $108,000. KBC Group NV lifted its position in Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,962 shares during the period. Quest Partners LLC lifted its position in Armada Hoffler Properties by 378.6% during the third quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 48,891 shares during the period. Finally, Intech Investment Management LLC lifted its position in Armada Hoffler Properties by 130.5% during the third quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 19,925 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

AHH opened at $7.59 on Friday. The stock has a 50-day moving average price of $9.39 and a 200-day moving average price of $10.51. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The firm has a market cap of $768.61 million, a PE ratio of 23.71 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 1 year low of $7.56 and a 1 year high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. Sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced 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. This represents a $0.56 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 256.25%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lowered 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.

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.