Stifel Financial Corp Increases Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Stifel Financial Corp boosted its position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 492.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,714 shares of the real estate investment trust's stock after acquiring an additional 103,652 shares during the quarter. Stifel Financial Corp owned 0.12% of Armada Hoffler Properties worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. 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 worth $46,000 after acquiring an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 1,551 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter worth about $107,000. Caisse Des Depots ET Consignations purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at about $110,000. Finally, Inspire Advisors LLC acquired a new position in Armada Hoffler Properties during the 4th quarter worth approximately $122,000. Hedge funds and other institutional investors own 66.35% of the company's stock.

Insider Buying and Selling

In other news, Director A Russell Kirk acquired 10,000 shares of the company's stock in a transaction that occurred on 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 acquisition, the director now directly owns 69,430 shares in the company, valued at approximately $534,611. The trade was a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 90,954 shares of company stock valued at $699,607. Insiders own 11.90% of the company's stock.

Armada Hoffler Properties Stock Performance

Armada Hoffler Properties stock opened at $6.90 on Thursday. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The stock has a 50 day moving average of $7.37 and a 200-day moving average of $9.28. The stock has a market cap of $699.11 million, a P/E ratio of 21.56 and a beta of 1.09. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The company had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. On average, analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders 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 dividend yield of 8.12%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 175.00%.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped 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 note on Wednesday, April 16th.

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.

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