Silvercrest Asset Management Group LLC Sells 42,828 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Silvercrest Asset Management Group LLC lessened its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 577,342 shares of the real estate investment trust's stock after selling 42,828 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.57% of Armada Hoffler Properties worth $5,906,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Armada Hoffler Properties by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust's stock worth $97,357,000 after purchasing an additional 829,392 shares during the period. Franklin Resources Inc. grew its position in shares of Armada Hoffler Properties by 9.0% during the 4th quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust's stock valued at $21,542,000 after acquiring an additional 173,149 shares during the period. Geode Capital Management LLC grew its position in shares of Armada Hoffler Properties by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust's stock valued at $20,824,000 after acquiring an additional 269,367 shares during the period. Nuveen Asset Management LLC grew its position in shares of Armada Hoffler Properties by 118.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust's stock valued at $13,453,000 after acquiring an additional 713,010 shares during the period. Finally, Mesirow Institutional Investment Management Inc. grew its position in shares of Armada Hoffler Properties by 8.4% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,294,579 shares of the real estate investment trust's stock valued at $13,244,000 after acquiring an additional 100,660 shares during the period. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Trading Up 2.1%

Armada Hoffler Properties stock traded up $0.14 during midday trading on Friday, reaching $6.97. The stock had a trading volume of 1,448,887 shares, compared to its average volume of 751,923. 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 52-week low of $6.10 and a 52-week high of $12.46. The firm has a market cap of $706.40 million, a price-to-earnings ratio of 21.79 and a beta of 1.09. The company has a fifty day moving average of $7.04 and a 200 day moving average of $8.95.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted 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). Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $63.80 million during the quarter, compared to analysts' expectations of $63.18 million. On average, analysts anticipate 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. Shareholders of record on Wednesday, March 26th were paid a $0.14 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 8.03%. Armada Hoffler Properties's dividend payout ratio is currently 700.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of 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 cut 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 report on Wednesday, April 16th.

Insiders Place Their Bets

In related news, Director A Russell Kirk bought 30,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the purchase, the director now directly owns 49,430 shares of the company's stock, valued at approximately $377,645.20. The trade was a 154.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 90,954 shares of company stock worth $699,607 in the last three months. Corporate insiders own 10.20% of the company's stock.

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.