DekaBank Deutsche Girozentrale Lowers Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

DekaBank Deutsche Girozentrale lessened its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,949 shares of the real estate investment trust’s stock after selling 3,263 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Armada Hoffler Properties were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $10.37 per share, with a total value of $46,665.00. Following the completion of the acquisition, the director now directly owns 12,005 shares of the company’s stock, valued at $124,491.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have bought 7,129 shares of company stock worth $74,291. Corporate insiders own 11.70% of the company’s stock.

Armada Hoffler Properties Stock Down 1.0 %

Shares of NYSE AHH opened at $10.07 on Wednesday. The firm has a market cap of $889.99 million, a price-to-earnings ratio of -201.36 and a beta of 0.99. The company’s 50-day simple moving average is $10.69 and its 200-day simple moving average is $11.13. The company has a quick ratio of 9.55, a current ratio of 9.55 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11.

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

Armada Hoffler Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid a $0.205 dividend. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 8.14%. The ex-dividend date of this dividend was Tuesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is currently -1,639.67%.

Armada Hoffler Properties Profile

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.