Armada Hoffler Properties, Inc. (NYSE:AHH) Stake Reduced by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 401,102 shares of the real estate investment trust’s stock after selling 6,461 shares during the quarter. Great Lakes Advisors LLC owned about 0.40% of Armada Hoffler Properties worth $4,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AHH. Vision Capital Corp bought a new stake in Armada Hoffler Properties in the third quarter worth about $11,913,000. Sound Income Strategies LLC purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $9,049,000. Raymond James Financial Inc. purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at about $2,239,000. Franklin Resources Inc. lifted its stake in Armada Hoffler Properties by 8.9% during the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after buying an additional 158,625 shares in the last quarter. Finally, FMR LLC raised its stake in Armada Hoffler Properties by 6.4% during 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 purchasing an additional 140,964 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Armada Hoffler Properties Stock Down 1.4 %

Shares of Armada Hoffler Properties stock opened at $7.59 on Friday. The stock has a market capitalization of $768.61 million, a P/E ratio of 23.71 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. The stock has a 50 day moving average price of $9.39 and a two-hundred day moving average price of $10.52. Armada Hoffler Properties, Inc. has a 12-month low of $7.56 and a 12-month high of $12.46.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business 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 dividend of $0.14 per share. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 7.38%. Armada Hoffler Properties’s payout ratio is currently 256.25%.

Armada Hoffler Properties Company Profile

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.