24,765 Shares in Armada Hoffler Properties, Inc. (NYSE:AHH) Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the fourth quarter, Holdings Channel reports. The institutional investor bought 24,765 shares of the real estate investment trust’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sound Income Strategies LLC bought a new position in Armada Hoffler Properties in the fourth quarter worth about $9,049,000. Vanguard Group Inc. lifted its holdings in shares of Armada Hoffler Properties by 9.5% in 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 last quarter. Geode Capital Management LLC boosted its position in Armada Hoffler Properties by 15.3% during 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 during the period. Northern Trust Corp grew its stake in Armada Hoffler Properties by 35.6% during the 4th quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust’s stock worth $9,496,000 after buying an additional 243,541 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Armada Hoffler Properties in the fourth quarter valued at $2,239,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Up 0.8 %

AHH stock opened at $6.95 on Wednesday. The firm’s 50-day moving average is $7.41 and its two-hundred day moving average is $9.30. The company has a market capitalization of $703.67 million, a price-to-earnings ratio of 21.70 and a beta of 1.09. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $12.46. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. On average, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 30,000 shares of the stock in a transaction dated Monday, March 17th. The shares were acquired at an average price of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the acquisition, the director now owns 49,430 shares of the company’s stock, valued at $377,645.20. This represents a 154.40 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 90,954 shares of company stock valued at $699,607 over the last three months. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 16th.

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.