Exchange Traded Concepts LLC Buys Shares of 89,463 Armada Hoffler Properties, Inc. (NYSE:AHH)

Exchange Traded Concepts LLC acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 89,463 shares of the real estate investment trust's stock, valued at approximately $672,000. Exchange Traded Concepts LLC owned approximately 0.09% of Armada Hoffler Properties as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Sound Income Strategies LLC grew its stake in Armada Hoffler Properties by 58.3% during the 1st quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust's stock valued at $10,518,000 after purchasing an additional 515,999 shares in the last quarter. Albert D Mason Inc. grew its stake in Armada Hoffler Properties by 16.4% during the 1st quarter. Albert D Mason Inc. now owns 211,766 shares of the real estate investment trust's stock valued at $1,590,000 after purchasing an additional 29,792 shares in the last quarter. Sterneck Capital Management LLC grew its stake in Armada Hoffler Properties by 35.8% during the 1st quarter. Sterneck Capital Management LLC now owns 123,973 shares of the real estate investment trust's stock valued at $931,000 after purchasing an additional 32,663 shares in the last quarter. GAMMA Investing LLC grew its stake in Armada Hoffler Properties by 250.1% during the 1st quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 3,954 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in Armada Hoffler Properties by 17.5% during the 4th quarter. California State Teachers Retirement System now owns 74,466 shares of the real estate investment trust's stock valued at $762,000 after purchasing an additional 11,112 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company's stock.

Armada Hoffler Properties Stock Performance

Shares of AHH traded up $0.07 during mid-day trading on Friday, hitting $7.01. The stock had a trading volume of 5,990,909 shares, compared to its average volume of 966,703. The company has a market cap of $709.95 million, a PE ratio of 5.80 and a beta of 1.11. The company's fifty day simple moving average is $6.96 and its two-hundred day simple moving average is $8.38. The company has a quick ratio of 12.47, a current ratio of 12.47 and a debt-to-equity ratio of 2.03. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $63.80 million during the quarter, compared to the consensus estimate of $63.18 million. Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. On average, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 7.99%. The ex-dividend date is Monday, June 30th. Armada Hoffler Properties's dividend payout ratio (DPR) is 700.00%.

Wall Street Analysts Forecast Growth

AHH has been the subject of several research reports. Scotiabank decreased their target price 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. Stifel Nicolaus decreased their target price on Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a research report on Thursday, May 8th.

Insider Buying and Selling

In related news, Director A Russell Kirk purchased 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average price of $7.73 per share, with a total value of $386,500.00. Following the acquisition, the director now owns 119,430 shares in the company, valued at approximately $923,193.90. This trade represents a 72.01% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.