Asset Management One Co. Ltd. Decreases Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Asset Management One Co. Ltd. decreased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,314 shares of the real estate investment trust’s stock after selling 1,220 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Armada Hoffler Properties were worth $1,347,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Federated Hermes Inc. bought a new stake in shares of Armada Hoffler Properties during the 1st quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in shares of Armada Hoffler Properties during the 1st quarter valued at about $32,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at about $62,000. Captrust Financial Advisors bought a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at approximately $100,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at approximately $109,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $10.37 per share, for a total transaction of $46,665.00. Following the purchase, the director now directly owns 12,005 shares of the company’s stock, valued at approximately $124,491.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders acquired 7,129 shares of company stock worth $74,291 in the last three months. 11.70% of the stock is owned by company insiders.

Armada Hoffler Properties Trading Down 1.4 %

Shares of NYSE:AHH opened at $10.36 on Friday. The stock has a 50 day moving average of $10.75 and a 200 day moving average of $11.12. The company has a market cap of $915.62 million, a PE ratio of -207.16 and a beta of 0.99. The company has a current ratio of 9.55, a quick ratio of 9.55 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties, Inc. has a 12-month low of $9.81 and a 12-month high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.59). The company had revenue of $186.75 million for the quarter, compared to the consensus estimate of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current year.

Armada Hoffler Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.92%. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is presently -1,639.67%.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.