10,730 Shares in Armada Hoffler Properties, Inc. (NYSE:AHH) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,730 shares of the real estate investment trust’s stock, valued at approximately $110,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Armada Hoffler Properties by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after purchasing an additional 829,392 shares in the last quarter. FMR LLC grew its holdings in Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after buying an additional 140,964 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after acquiring an additional 158,625 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Armada Hoffler Properties by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after acquiring an additional 56,777 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Armada Hoffler Properties by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock valued at $11,929,000 after acquiring an additional 98,829 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $7.52 on Friday. The firm has a market cap of $761.42 million, a PE ratio of 23.49 and a beta of 1.04. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 52 week low of $7.47 and a 52 week high of $12.46. The business’s fifty day simple moving average is $9.02 and its 200-day simple moving average is $10.24.

Armada Hoffler Properties (NYSE:AHH) last announced 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. The company had revenue of $62.95 million during 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%. Equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

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

Insiders Place Their Bets

In other news, Director A Russell Kirk acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average price of $7.73 per share, for a total transaction of $386,500.00. Following the acquisition, the director now owns 119,430 shares of the company’s stock, valued at $923,193.90. This represents a 72.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 90,383 shares of company stock worth $696,607 over the last ninety days. Corporate insiders own 11.90% of the company’s stock.

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.