Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk Acquires 10,000 Shares

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk purchased 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 acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. The trade was a 16.83 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, March 17th, A Russell Kirk bought 30,000 shares of Armada Hoffler Properties stock. The stock was bought at an average price of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Trading Up 2.7 %

AHH traded up $0.21 during trading on Monday, reaching $7.90. The company had a trading volume of 1,011,266 shares, compared to its average volume of 870,906. Armada Hoffler Properties, Inc. has a 12-month low of $7.47 and a 12-month high of $12.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The company has a market cap of $799.92 million, a price-to-earnings ratio of 24.67 and a beta of 1.04. The firm’s 50-day simple moving average is $9.18 and its 200 day simple moving average is $10.34.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given 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 7.09%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their target price on shares of 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.

Institutional Investors Weigh In On Armada Hoffler Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV raised 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 period. Intech Investment Management LLC lifted its position in shares of Armada Hoffler Properties by 130.5% in the third quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 19,925 shares during the last quarter. Algert Global LLC grew its stake in Armada Hoffler Properties by 77.8% in the 3rd quarter. Algert Global LLC now owns 250,247 shares of the real estate investment trust’s stock valued at $2,710,000 after buying an additional 109,509 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Armada Hoffler Properties by 23.0% during the third quarter. Penserra Capital Management LLC now owns 86,339 shares of the real estate investment trust’s stock worth $935,000 after buying an additional 16,120 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in 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 worth $241,000 after buying an additional 1,316 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

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.