Armada Hoffler Properties, Inc. (NYSE:AHH) Director Acquires $77,000.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk purchased 10,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the purchase, the director now directly owns 69,430 shares in the company, valued at $534,611. The trade was 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.

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

• On Monday, March 17th, A Russell Kirk acquired 30,000 shares of Armada Hoffler Properties stock. The shares were purchased at an average cost of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Trading Down 2.4 %

Shares of AHH stock opened at $7.57 on Thursday. The firm’s 50-day simple moving average is $9.07 and its 200-day simple moving average is $10.26. 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, Inc. has a 1-year low of $7.47 and a 1-year high of $12.46. The firm has a market cap of $766.49 million, a P/E ratio of 23.64 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. As a group, equities analysts forecast 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 will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.40%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

Institutional Trading of Armada Hoffler Properties

Institutional investors have recently modified their holdings of the company. Vision Capital Corp purchased a new position in Armada Hoffler Properties in the third quarter valued at approximately $11,913,000. Sound Income Strategies LLC acquired a new position in shares of Armada Hoffler Properties during the 4th quarter valued at $9,049,000. Vanguard Group Inc. boosted its position in Armada Hoffler Properties by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after purchasing an additional 829,392 shares during the period. Nuveen Asset Management LLC increased its holdings in Armada Hoffler Properties by 118.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock valued at $13,453,000 after purchasing an additional 713,010 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Armada Hoffler Properties by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after purchasing an additional 269,367 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their price target on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a 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.