Cerity Partners LLC Has $610,000 Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Cerity Partners LLC raised its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 329.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,159 shares of the real estate investment trust's stock after buying an additional 45,395 shares during the quarter. Cerity Partners LLC owned 0.06% of Armada Hoffler Properties worth $610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its stake in shares of Armada Hoffler Properties by 85.3% in the 3rd quarter. Stifel Financial Corp now owns 21,062 shares of the real estate investment trust's stock valued at $228,000 after buying an additional 9,696 shares in the last quarter. Barclays PLC lifted its stake in Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust's stock valued at $2,329,000 after acquiring an additional 91,461 shares during the last quarter. Geode Capital Management LLC grew its position in Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock worth $19,127,000 after acquiring an additional 56,777 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust's stock worth $20,989,000 after purchasing an additional 158,625 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Armada Hoffler Properties by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust's stock valued at $6,737,000 after purchasing an additional 97,642 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company's stock.

Analysts Set New Price Targets

Separately, Scotiabank decreased their price objective on shares of 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.

Armada Hoffler Properties Stock Performance

Shares of AHH stock traded down $0.14 during trading on Friday, reaching $6.65. The company had a trading volume of 131,494 shares, compared to its average volume of 698,985. The company has a market capitalization of $673.27 million, a PE ratio of 20.74 and a beta of 0.89. 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's 50 day simple moving average is $7.77 and its two-hundred day simple moving average is $9.54. Armada Hoffler Properties, Inc. has a one year low of $6.10 and a one year high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $62.95 million during the quarter, compared to analysts' expectations of $66.67 million. Sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were paid a $0.14 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.43%. Armada Hoffler Properties's payout ratio is presently 175.00%.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 10,000 shares of the company's stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of $7.70 per share, with a total value of $77,000.00. Following the transaction, the director now directly owns 69,430 shares in the company, valued at approximately $534,611. This represents a 16.83 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders acquired 90,954 shares of company stock valued at $699,607. Insiders own 11.90% of the company's stock.

Armada Hoffler Properties Company 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.