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

Northern Trust Corp increased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 35.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 928,269 shares of the real estate investment trust's stock after purchasing an additional 243,541 shares during the quarter. Northern Trust Corp owned 0.92% of Armada Hoffler Properties worth $9,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AHH. US Bancorp DE increased its position in shares of Armada Hoffler Properties by 9,145.7% in the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust's stock valued at $399,000 after acquiring an additional 38,595 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Armada Hoffler Properties in the fourth quarter valued at about $202,000. Amundi increased its position in shares of Armada Hoffler Properties by 18.9% in the fourth quarter. Amundi now owns 41,642 shares of the real estate investment trust's stock valued at $409,000 after acquiring an additional 6,615 shares during the period. Barclays PLC increased its position in shares of Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust's stock valued at $2,329,000 after acquiring an additional 91,461 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Armada Hoffler Properties by 31.0% in the fourth quarter. Van ECK Associates Corp now owns 14,933 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 3,530 shares during the period. Hedge funds and other institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Trading Up 2.1%

Shares of AHH traded up $0.14 during trading hours on Friday, reaching $6.97. 1,448,887 shares of the company traded hands, compared to its average volume of 749,987. The company's fifty day moving average price is $7.04 and its two-hundred day moving average price is $8.96. The company has a market capitalization of $706.40 million, a price-to-earnings ratio of 21.79 and a beta of 1.09. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 12 month low of $6.10 and a 12 month high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its 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 company had revenue of $63.80 million for the quarter, compared to the consensus estimate of $63.18 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 700.00%.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 30,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the acquisition, the director now owns 49,430 shares in the company, valued at $377,645.20. This trade represents a 154.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 90,954 shares of company stock valued at $699,607. Corporate insiders own 10.20% of the company's stock.

Analysts Set New Price Targets

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

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.