A Russell Kirk Acquires 50,000 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of $7.73 per share, with a total value of $386,500.00. Following the completion of the purchase, the director now directly owns 119,430 shares in the company, valued at $923,193.90. The trade was a 72.01 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

A Russell Kirk also recently made the following trade(s):

• On Thursday, March 20th, A Russell Kirk purchased 10,000 shares of Armada Hoffler Properties stock. The shares were purchased at an average price of $7.70 per share, for a total transaction of $77,000.00.
• On Monday, March 17th, A Russell Kirk acquired 30,000 shares of Armada Hoffler Properties stock. The stock was acquired at an average price of $7.64 per share, with a total value of $229,200.00.

Armada Hoffler Properties Stock Down 0.5 %

AHH stock traded down $0.04 during trading on Thursday, reaching $7.52. 1,681,594 shares of the stock were exchanged, compared to its average volume of 888,135. Armada Hoffler Properties, Inc. has a twelve month low of $7.47 and a twelve month high of $12.46. The firm’s 50 day moving average is $9.07 and its 200 day moving average is $10.26. 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 has a market cap of $761.42 million, a P/E ratio of 23.49 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. As a group, research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.45%. Armada Hoffler Properties’s payout ratio is presently 175.00%.

Institutional Trading of Armada Hoffler Properties

A number of institutional investors and hedge funds have recently modified their holdings of AHH. Steward Partners Investment Advisory LLC grew its stake in 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 valued at $46,000 after purchasing an additional 2,000 shares during the period. Summit Investment Advisors Inc. grew its position in Armada Hoffler Properties by 23.2% during 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 buying an additional 1,551 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in Armada Hoffler Properties during the fourth quarter worth about $107,000. Caisse Des Depots ET Consignations bought a new stake in Armada Hoffler Properties in the fourth quarter worth about $110,000. Finally, Quantinno Capital Management LP purchased a new position in Armada Hoffler Properties in the fourth quarter valued at about $115,000. 66.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th.

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.