Wealthedge Investment Advisors LLC Takes Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Wealthedge Investment Advisors LLC purchased a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 54,103 shares of the real estate investment trust's stock, valued at approximately $553,000. Wealthedge Investment Advisors LLC owned about 0.05% of Armada Hoffler Properties at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Armada Hoffler Properties by 80.0% in 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 acquiring an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of Armada Hoffler Properties by 23.2% during the 4th 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 period. Stoneridge Investment Partners LLC bought a new position in shares of Armada Hoffler Properties during the 4th quarter valued at approximately $107,000. Caisse Des Depots ET Consignations bought a new stake in Armada Hoffler Properties during the 4th quarter valued at $110,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at $115,000. Institutional investors own 66.35% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AHH shares. Scotiabank reduced 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 note on Wednesday, April 16th. 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 note on Thursday, May 8th.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director A Russell Kirk bought 10,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $7.70 per share, with a total value of $77,000.00. Following the completion of the purchase, the director now owns 69,430 shares of the company's stock, valued at $534,611. This trade represents a 16.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have bought 90,954 shares of company stock worth $699,607 over the last quarter. Insiders own 10.20% of the company's stock.

Armada Hoffler Properties Stock Down 0.4%

AHH stock traded down $0.03 during trading on Friday, hitting $6.96. 889,077 shares of the stock traded hands, compared to its average volume of 754,726. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $12.46. The firm's 50 day moving average is $6.98 and its two-hundred day moving average is $8.85. The stock has a market cap of $705.19 million, a price-to-earnings ratio of 21.75 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 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 analysts' consensus estimates of $0.26 by ($0.01). The company had revenue of $63.80 million for the quarter, compared to analysts' expectations of $63.18 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 700.00%.

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.