BNP Paribas Financial Markets Has $1.98 Million Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

BNP Paribas Financial Markets boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 167.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,925 shares of the real estate investment trust's stock after buying an additional 121,465 shares during the period. BNP Paribas Financial Markets owned approximately 0.19% of Armada Hoffler Properties worth $1,984,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE grew 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 buying an additional 38,595 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Armada Hoffler Properties during the fourth quarter worth about $202,000. Amundi grew 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 buying an additional 6,615 shares in the last quarter. Barclays PLC grew its stake in Armada Hoffler Properties by 73.9% during the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust's stock worth $2,329,000 after buying an additional 91,461 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Armada Hoffler Properties by 31.0% during the fourth quarter. Van ECK Associates Corp now owns 14,933 shares of the real estate investment trust's stock worth $153,000 after buying an additional 3,530 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AHH has been the topic of a number of research analyst reports. Stifel Nicolaus reduced 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. Scotiabank dropped 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 research note on Wednesday, April 16th.

Insider Activity at Armada Hoffler Properties

In related news, Director A Russell Kirk bought 50,000 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were purchased at an average cost of $7.73 per share, with a total value of $386,500.00. Following the acquisition, the director now owns 119,430 shares of the company's stock, valued at $923,193.90. This represents a 72.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 90,954 shares of company stock valued at $699,607 in the last 90 days. 10.20% of the stock is owned by corporate insiders.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH traded up $0.14 during mid-day trading on Friday, hitting $6.97. 1,448,887 shares of the stock traded hands, compared to its average volume of 749,987. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46. The company has a market cap of $706.40 million, a PE ratio of 21.79 and a beta of 1.09. The firm has a 50 day simple moving average of $7.04 and a two-hundred day simple moving average of $8.96.

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 for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $63.18 million. As a group, equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 8.03%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 700.00%.

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.