Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC decreased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 66.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 250,000 shares of the real estate investment trust's stock after selling 500,000 shares during the period. Ghisallo Capital Management LLC owned 0.25% of Armada Hoffler Properties worth $2,558,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Armada Hoffler Properties by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock valued at $19,127,000 after buying an additional 56,777 shares during the period. US Bancorp DE raised its stake in Armada Hoffler Properties by 9,145.7% during the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust's stock worth $399,000 after purchasing an additional 38,595 shares during the period. JPMorgan Chase & Co. raised its stake in Armada Hoffler Properties by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust's stock worth $6,737,000 after purchasing an additional 97,642 shares during the period. Proficio Capital Partners LLC purchased a new position in Armada Hoffler Properties during the fourth quarter worth approximately $202,000. Finally, Amundi raised its stake in Armada Hoffler Properties by 18.9% during the fourth quarter. Amundi now owns 41,642 shares of the real estate investment trust's stock worth $409,000 after purchasing an additional 6,615 shares during the period. Hedge funds and other institutional investors own 66.35% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank cut their price target on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 16th.

Armada Hoffler Properties Trading Down 0.2 %

Shares of Armada Hoffler Properties stock traded down $0.02 during trading hours on Thursday, hitting $6.76. The company's stock had a trading volume of 200,690 shares, compared to its average volume of 707,394. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.46. The business has a fifty day moving average of $7.59 and a 200 day moving average of $9.43. The company has a market capitalization of $684.42 million, a PE ratio of 21.11 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.

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 (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 net margin of 5.99% and a return on equity of 5.96%. As a group, equities 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 declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 175.00%.

Insider Activity at Armada Hoffler Properties

In other news, Director A Russell Kirk purchased 10,000 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $7.70 per share, with a total value of $77,000.00. Following the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders bought 90,954 shares of company stock valued at $699,607. Corporate insiders own 11.90% of the company's stock.

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.