Fox Run Management L.L.C. Sells 32,080 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Fox Run Management L.L.C. reduced its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 61.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,922 shares of the real estate investment trust’s stock after selling 32,080 shares during the quarter. Fox Run Management L.L.C.’s holdings in Armada Hoffler Properties were worth $204,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AHH. Victory Capital Management Inc. grew its holdings in shares of Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 1,190 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Armada Hoffler Properties by 6.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 1,316 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in Armada Hoffler Properties by 18.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 1,862 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Armada Hoffler Properties by 80.0% in the 4th 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 in the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of 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 worth $305,000 after purchasing an additional 2,779 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the transaction, the director now owns 69,430 shares of the company’s stock, valued at $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 90,383 shares of company stock valued at $696,607 in the last quarter. 11.90% of the stock is currently owned by insiders.

Armada Hoffler Properties Trading Down 0.7 %

Shares of AHH stock opened at $7.47 on Friday. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 12-month low of $7.37 and a 12-month high of $12.46. The stock has a market capitalization of $756.35 million, a P/E ratio of 23.33 and a beta of 1.04. The firm’s 50 day moving average is $8.97 and its 200 day moving average is $10.21.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly 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 for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid 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 dividend yield of 7.50%. Armada Hoffler Properties’s dividend payout ratio is currently 175.00%.

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.