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

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

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

• On Thursday, March 20th, A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock. The stock was bought 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 shares were bought at an average price of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Price Performance

AHH stock opened at $7.52 on Friday. The stock has a market capitalization of $761.42 million, a PE ratio of 23.49 and a beta of 1.04. The company’s 50-day moving average is $9.02 and its 200-day moving average is $10.24. Armada Hoffler Properties, Inc. has a 1 year low of $7.47 and a 1 year high of $12.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17.

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, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS 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. Shareholders of record on Wednesday, March 26th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 7.45%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in Armada Hoffler Properties by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 1,190 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Armada Hoffler Properties by 6.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,316 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Armada Hoffler Properties by 23.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,551 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in Armada Hoffler Properties by 18.2% in 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 purchasing an additional 1,862 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

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

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.