Stoneridge Investment Partners LLC Buys Shares of 10,481 Armada Hoffler Properties, Inc. (NYSE:AHH)

Stoneridge Investment Partners LLC purchased a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,481 shares of the real estate investment trust’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AHH. Sumitomo Mitsui Trust Group Inc. raised its stake in Armada Hoffler Properties by 17.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 82,425 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 12,304 shares during the period. State of Alaska Department of Revenue raised its holdings in Armada Hoffler Properties by 17.4% during the 4th quarter. State of Alaska Department of Revenue now owns 83,040 shares of the real estate investment trust’s stock worth $848,000 after buying an additional 12,290 shares during the period. Yousif Capital Management LLC lifted its stake in Armada Hoffler Properties by 10.3% in the fourth quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 2,779 shares in the last quarter. abrdn plc boosted its holdings in shares of Armada Hoffler Properties by 30.6% in the fourth quarter. abrdn plc now owns 18,100 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 4,244 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in shares of Armada Hoffler Properties during the fourth quarter worth $9,049,000. Institutional investors own 66.35% of the company’s stock.

Insider Activity

In related news, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now directly owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is owned by company insiders.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $9.57 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The company has a fifty day moving average price of $10.15 and a two-hundred day moving average price of $10.97. The stock has a market cap of $970.02 million, a P/E ratio of -45.57 and a beta of 1.03. Armada Hoffler Properties, Inc. has a one year low of $9.26 and a one year high of $12.46.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.57%. Armada Hoffler Properties’s dividend payout ratio is presently -390.46%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AHH shares. Scotiabank assumed coverage on Armada Hoffler Properties in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $11.00 price target on the stock. Stifel Nicolaus increased their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

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.