Knights of Columbus Asset Advisors LLC Purchases 168,426 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Knights of Columbus Asset Advisors LLC lifted its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 94.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,559 shares of the real estate investment trust’s stock after acquiring an additional 168,426 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.39% of Armada Hoffler Properties worth $4,287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AHH. Advisory Services Network LLC bought a new stake in shares of Armada Hoffler Properties in the first quarter valued at about $32,000. Federated Hermes Inc. bought a new position in Armada Hoffler Properties in the first quarter worth about $35,000. C M Bidwell & Associates Ltd. bought a new position in Armada Hoffler Properties in the third quarter worth about $62,000. Captrust Financial Advisors bought a new position in Armada Hoffler Properties in the second quarter worth about $100,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Armada Hoffler Properties in the third quarter worth about $109,000. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $10.50 on Friday. The company has a market capitalization of $927.99 million, a PE ratio of -209.96 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 9.55 and a current ratio of 9.55. The company has a 50-day simple moving average of $10.59 and a two-hundred day simple moving average of $11.12. Armada Hoffler Properties, Inc. has a one year low of $9.81 and a one year high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.59). The firm had revenue of $186.75 million during the quarter, compared to the consensus estimate of $63.93 million. Armada Hoffler Properties had a return on equity of 1.09% and a net margin of 1.12%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Research analysts expect that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 7.81%. The ex-dividend date was Tuesday, March 26th. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -1,639.67%.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the completion of the transaction, the director now owns 12,005 shares in the company, valued at $124,491.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have bought 7,129 shares of company stock worth $74,291. 11.70% of the stock is owned by company insiders.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.