Dark Forest Capital Management LP Invests $1.25 Million in Armada Hoffler Properties, Inc. (NYSE:AHH)

Dark Forest Capital Management LP acquired a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 121,744 shares of the real estate investment trust's stock, valued at approximately $1,245,000. Dark Forest Capital Management LP owned about 0.12% of Armada Hoffler Properties at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its position in Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Armada Hoffler Properties by 23.2% during 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 purchasing an additional 1,551 shares during the period. Stoneridge Investment Partners LLC bought a new position in Armada Hoffler Properties during the 4th quarter worth approximately $107,000. Caisse Des Depots ET Consignations bought a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at $110,000. Finally, Inspire Advisors LLC acquired a new stake in shares of Armada Hoffler Properties during the fourth quarter worth $122,000. 66.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their price objective on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 16th.

Armada Hoffler Properties Stock Up 0.8 %

Shares of AHH stock traded up $0.06 on Tuesday, reaching $6.88. 349,184 shares of the company were exchanged, compared to its average volume of 701,827. 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 company has a 50-day moving average of $7.67 and a 200-day moving average of $9.47. The company has a market cap of $696.58 million, a price-to-earnings ratio of 21.45 and a beta of 0.89. 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 posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate 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 company had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business 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. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 8.15%. Armada Hoffler Properties's dividend payout ratio (DPR) is currently 175.00%.

Insider Buying and Selling

In other news, Director A Russell Kirk purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the acquisition, the director now owns 69,430 shares in the company, valued at $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders purchased 90,954 shares of company stock worth $699,607. 11.90% of the stock is owned by corporate insiders.

Armada Hoffler Properties 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.