Inspire Advisors LLC Makes New $122,000 Investment in Armada Hoffler Properties, Inc. (NYSE:AHH)

Inspire Advisors LLC purchased a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,969 shares of the real estate investment trust’s stock, valued at approximately $122,000.

A number of other institutional investors have also recently made changes to their positions in AHH. Daiwa Securities Group Inc. raised its position in shares of Armada Hoffler Properties by 17.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 26,230 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 3,958 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Armada Hoffler Properties by 91.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,739 shares of the real estate investment trust’s stock valued at $754,000 after buying an additional 35,222 shares in the last quarter. Amundi raised its holdings in Armada Hoffler Properties by 18.9% during the 4th quarter. Amundi now owns 41,642 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 6,615 shares during the period. Raymond James Financial Inc. bought a new stake in Armada Hoffler Properties during the 4th quarter valued at $2,239,000. Finally, Arizona State Retirement System lifted its position in shares of Armada Hoffler Properties by 19.8% during the fourth quarter. Arizona State Retirement System now owns 23,129 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 3,815 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their price target on 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 Price Performance

Shares of NYSE:AHH opened at $7.70 on Friday. The company has a 50 day moving average of $9.49 and a 200 day moving average of $10.57. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The stock has a market cap of $779.66 million, a P/E ratio of 24.05 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 12 month low of $7.61 and a 12 month high of $12.46.

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 for the quarter, topping the consensus estimate 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 firm had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. As a group, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 7.28%. Armada Hoffler Properties’s payout ratio is currently 256.25%.

Armada Hoffler Properties 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.