Sound Income Strategies LLC Acquires Shares of 884,582 Armada Hoffler Properties, Inc. (NYSE:AHH)

Sound Income Strategies LLC bought a new position in Armada Hoffler Properties, Inc. (NYSE:AHH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 884,582 shares of the real estate investment trust’s stock, valued at approximately $9,049,000. Sound Income Strategies LLC owned approximately 0.87% of Armada Hoffler Properties at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,251 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Armada Hoffler Properties by 6.3% during the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 1,316 shares during the last quarter. abrdn plc lifted its position in Armada Hoffler Properties by 10.5% during the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,322 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Armada Hoffler Properties by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock worth $1,053,000 after purchasing an additional 1,642 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,962 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Up 1.3 %

Shares of AHH stock opened at $9.84 on Friday. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a 12 month low of $9.26 and a 12 month high of $12.46. The stock has a market cap of $996.88 million, a P/E ratio of -46.83 and a beta of 1.03. The company has a 50 day simple moving average of $10.44 and a two-hundred day simple moving average of $11.12.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. On average, research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.34%. Armada Hoffler Properties’s payout ratio is currently -390.48%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AHH. Stifel Nicolaus increased their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now owns 31,649 shares in the company, valued at $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 11.90% of the stock is currently owned by corporate insiders.

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.