Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. lowered its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 85.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,943 shares of the real estate investment trust’s stock after selling 570,818 shares during the period. Phocas Financial Corp. owned 0.10% of Armada Hoffler Properties worth $992,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in Armada Hoffler Properties by 66.0% in the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,962 shares during the period. Versor Investments LP purchased a new stake in Armada Hoffler Properties in the third quarter valued at approximately $108,000. Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties during the fourth quarter worth approximately $107,000. Van ECK Associates Corp boosted its holdings in shares of Armada Hoffler Properties by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,251 shares during the last quarter. Finally, abrdn plc boosted its holdings in shares of Armada Hoffler Properties by 10.5% in the 3rd quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,322 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.90% of the stock is currently owned by insiders.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $9.02 on Wednesday. Armada Hoffler Properties, Inc. has a twelve month low of $8.76 and a twelve month high of $12.46. The firm has a market capitalization of $913.76 million, a price-to-earnings ratio of 28.17 and a beta of 1.03. 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 firm’s fifty day simple moving average is $9.77 and its 200 day simple moving average is $10.77.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share 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 the consensus estimate of $66.67 million. As a group, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a yield of 9.10%. Armada Hoffler Properties’s dividend payout ratio is presently 256.26%.

Analyst Upgrades and Downgrades

AHH has been the subject of a number of research analyst reports. Scotiabank initiated coverage on Armada Hoffler Properties in a report on Tuesday, January 28th. They set a “sector perform” rating and a $11.00 price objective for the company. Stifel Nicolaus raised their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

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.