Aristotle Capital Boston LLC cut its position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,361,650 shares of the real estate investment trust's stock after selling 167,850 shares during the quarter. Aristotle Capital Boston LLC owned approximately 1.34% of Armada Hoffler Properties worth $13,930,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of AHH. Steward Partners Investment Advisory LLC lifted its position 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 acquiring an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 1,551 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties in the 4th quarter worth $107,000. Caisse Des Depots ET Consignations acquired a new stake in Armada Hoffler Properties during the 4th quarter worth about $110,000. Finally, Inspire Advisors LLC purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at about $122,000. 66.35% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Armada Hoffler Properties
In other news, Director A Russell Kirk acquired 50,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was bought at an average price 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 90,954 shares of company stock worth $699,607 in the last three months. Company insiders own 11.90% of the company's stock.
Armada Hoffler Properties Stock Performance
Shares of Armada Hoffler Properties stock traded up $0.06 during trading on Tuesday, hitting $6.95. 852,713 shares of the company's stock were exchanged, compared to its average volume of 714,165. The stock has a market capitalization of $703.67 million, a price-to-earnings ratio of 21.70 and a beta of 1.09. The business has a 50-day simple moving average of $7.46 and a 200-day simple moving average of $9.32. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.21. The business 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, research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.
Armada Hoffler Properties Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.06%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 175.00%.
Analyst Ratings Changes
Separately, Scotiabank decreased their target price on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Wednesday, April 16th.
Get Our Latest Stock Report on AHH
Armada Hoffler Properties Profile
(
Free Report)
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.
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