Vanguard Group Inc. Sells 98,332 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Vanguard Group Inc. reduced its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,700,586 shares of the real estate investment trust's stock after selling 98,332 shares during the period. Vanguard Group Inc. owned about 8.66% of Armada Hoffler Properties worth $78,854,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. increased its position in Armada Hoffler Properties by 14.3% in the 1st quarter. BlackRock Inc. now owns 12,943,240 shares of the real estate investment trust's stock worth $188,971,000 after purchasing an additional 1,622,030 shares during the last quarter. State Street Corp increased its position in Armada Hoffler Properties by 4.7% in the 2nd quarter. State Street Corp now owns 3,771,846 shares of the real estate investment trust's stock worth $49,049,000 after purchasing an additional 168,838 shares during the last quarter. Macquarie Group Ltd. increased its position in Armada Hoffler Properties by 2.4% in the 1st quarter. Macquarie Group Ltd. now owns 3,583,147 shares of the real estate investment trust's stock worth $42,317,000 after purchasing an additional 84,970 shares during the last quarter. FMR LLC increased its position in Armada Hoffler Properties by 3.0% in the 1st quarter. FMR LLC now owns 1,755,218 shares of the real estate investment trust's stock worth $20,729,000 after purchasing an additional 50,498 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Armada Hoffler Properties by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,515,716 shares of the real estate investment trust's stock worth $17,704,000 after purchasing an additional 43,774 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Down 0.1 %

AHH stock traded down $0.01 during mid-day trading on Friday, hitting $10.37. The stock had a trading volume of 273,450 shares, compared to its average volume of 522,182. The company has a current ratio of 9.55, a quick ratio of 9.55 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. The company has a fifty day moving average of $10.90 and a 200 day moving average of $11.14. The stock has a market capitalization of $916.50 million, a price-to-earnings ratio of -207.36 and a beta of 0.99.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.59). The company had revenue of $186.75 million for the quarter, compared to analyst estimates of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The business's revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. On average, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.205 per share. This is a positive change from Armada Hoffler Properties's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.91%. Armada Hoffler Properties's dividend payout ratio is currently -1,639.67%.

Insider Activity

In related news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $10.37 per share, with a total value of $46,665.00. Following the acquisition, the director now owns 12,005 shares in the company, valued at approximately $124,491.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.70% of the stock is currently owned by insiders.

Armada Hoffler Properties Profile

Armada Hoffler NYSE: AHH is a vertically-integrated, self-managed real estate investment trust 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.