A Russell Kirk Buys 50,000 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk acquired 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of $7.73 per share, with a total value of $386,500.00. Following the completion of the transaction, the director now owns 119,430 shares of the company’s stock, valued at $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A Russell Kirk also recently made the following trade(s):

• On Thursday, March 20th, A Russell Kirk purchased 10,000 shares of Armada Hoffler Properties stock. The shares were purchased at an average cost of $7.70 per share, for a total transaction of $77,000.00.
• On Monday, March 17th, A Russell Kirk acquired 30,000 shares of Armada Hoffler Properties stock. The stock was acquired at an average cost of $7.64 per share, with a total value of $229,200.00.

Armada Hoffler Properties Stock Down 0.7 %

Shares of NYSE AHH opened at $7.47 on Friday. Armada Hoffler Properties, Inc. has a 12-month low of $7.37 and a 12-month high of $12.46. 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 firm has a market cap of $756.35 million, a PE ratio of 23.33 and a beta of 1.04. The company’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $10.21.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate 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 company had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 7.50%. Armada Hoffler Properties’s dividend payout ratio is 175.00%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Armada Hoffler Properties

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Armada Hoffler Properties by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after buying an additional 829,392 shares during the last quarter. FMR LLC increased its position in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after acquiring an additional 140,964 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Armada Hoffler Properties by 9.0% in the 4th quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust’s stock worth $21,542,000 after acquiring an additional 173,149 shares during the last quarter. Geode Capital Management LLC lifted its position in Armada Hoffler Properties by 15.3% in 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 acquiring an additional 269,367 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Armada Hoffler Properties by 118.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock valued at $13,453,000 after purchasing an additional 713,010 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

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.