Northern Trust Corp Acquires 243,541 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Northern Trust Corp boosted its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 35.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 928,269 shares of the real estate investment trust's stock after purchasing an additional 243,541 shares during the period. Northern Trust Corp owned about 0.92% of Armada Hoffler Properties worth $9,496,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AHH. Steward Partners Investment Advisory LLC boosted 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 buying an additional 2,000 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of 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 acquiring an additional 1,551 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Armada Hoffler Properties during the fourth quarter worth $107,000. Caisse Des Depots ET Consignations bought a new stake in shares of Armada Hoffler Properties in the fourth quarter worth $110,000. Finally, Inspire Advisors LLC acquired a new stake in Armada Hoffler Properties in the fourth quarter valued at $122,000. Institutional investors and hedge funds own 66.35% of the company's stock.

Insiders Place Their Bets

In other news, Director A Russell Kirk acquired 50,000 shares of Armada Hoffler Properties stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $7.73 per share, with a total value of $386,500.00. Following the completion of the purchase, the director now owns 119,430 shares of the company's stock, valued at approximately $923,193.90. The trade was a 72.01% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have acquired 90,954 shares of company stock worth $699,607. Corporate insiders own 10.20% of the company's stock.

Armada Hoffler Properties Trading Down 6.0%

Shares of AHH traded down $0.44 during trading hours on Wednesday, hitting $6.84. 1,232,867 shares of the stock were exchanged, compared to its average volume of 742,034. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.46. The business has a 50-day moving average of $7.08 and a 200-day moving average of $9.03. The firm has a market capitalization of $692.52 million, a P/E ratio of 21.36 and a beta of 1.09. 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 (NYSE:AHH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The business had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.18 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. On average, research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.19%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 700.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AHH shares. Stifel Nicolaus lowered 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. 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.

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.