Balyasny Asset Management L.P. Trims Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Balyasny Asset Management L.P. lessened its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 26.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 668,681 shares of the real estate investment trust's stock after selling 235,358 shares during the quarter. Balyasny Asset Management L.P. owned about 0.66% of Armada Hoffler Properties worth $6,841,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after buying an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Armada Hoffler Properties by 23.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $107,000. Caisse Des Depots ET Consignations purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $110,000. Finally, Inspire Advisors LLC purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $122,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Scotiabank decreased their price objective on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus decreased their price target on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $7.70 per share, for a total transaction of $77,000.00. Following the acquisition, the director now owns 69,430 shares of the company's stock, valued at approximately $534,611. The trade was a 16.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 90,954 shares of company stock valued at $699,607. 10.20% of the stock is currently owned by company insiders.

Armada Hoffler Properties Trading Up 0.7%

Shares of AHH traded up $0.05 during trading hours on Tuesday, hitting $7.22. The company had a trading volume of 1,479,833 shares, compared to its average volume of 729,509. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The stock's 50 day moving average price is $7.25 and its 200 day moving average price is $9.17. The firm has a market cap of $731.53 million, a P/E ratio of 22.56 and a beta of 1.09. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $63.80 million during the quarter, compared to analysts' expectations of $63.18 million. On average, research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is currently 700.00%.

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.