Maryland State Retirement & Pension System Purchases 3,452 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Maryland State Retirement & Pension System increased its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 14.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,838 shares of the real estate investment trust’s stock after acquiring an additional 3,452 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Armada Hoffler Properties were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AHH. Steward Partners Investment Advisory LLC raised its position in shares of Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,000 shares during the period. Stoneridge Investment Partners LLC bought a new stake in Armada Hoffler Properties during the 4th quarter valued at $107,000. Inspire Advisors LLC purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter worth $122,000. Mutual of America Capital Management LLC lifted its position in shares of Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 1,862 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Armada Hoffler Properties by 9.3% in the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 1,190 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director A Russell Kirk purchased 10,000 shares of Armada Hoffler Properties stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the acquisition, the director now directly owns 69,430 shares of the company’s stock, valued at $534,611. The trade was a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 40,383 shares of company stock worth $310,107. Company insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price objective 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 Trading Down 2.2 %

AHH stock opened at $7.73 on Wednesday. The company’s 50 day moving average price is $9.11 and its two-hundred day moving average price is $10.28. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. Armada Hoffler Properties, Inc. has a one year low of $7.47 and a one year high of $12.46. The company has a market capitalization of $783.20 million, a PE ratio of 24.16 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. As a group, analysts predict 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 disclosed 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. This represents a $0.56 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is currently 175.00%.

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.