Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC cut its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 577,342 shares of the real estate investment trust's stock after selling 42,828 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.57% of Armada Hoffler Properties worth $5,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AHH. Steward Partners Investment Advisory LLC increased its position in shares of Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. increased its position 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 worth $84,000 after purchasing an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter worth approximately $107,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter worth approximately $110,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter worth approximately $115,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 10,000 shares of the firm's stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $7.70 per share, with a total value of $77,000.00. Following the purchase, the director now directly owns 69,430 shares in the company, valued at approximately $534,611. This trade represents a 16.83% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have purchased 90,954 shares of company stock valued at $699,607. Insiders own 10.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AHH. Scotiabank dropped their price target 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 dropped their price target 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.

Armada Hoffler Properties Trading Down 6.0%

NYSE AHH traded down $0.44 on Wednesday, reaching $6.84. 1,232,867 shares of the company were exchanged, compared to its average volume of 743,936. The business's fifty day moving average price is $7.07 and its 200 day moving average price is $9.02. The stock 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 current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. 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 released its quarterly earnings data 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 analyst estimates of $63.18 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 yield of 8.19%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is currently 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.