Raymond James Financial Services Advisors Inc. Has $705,000 Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Raymond James Financial Services Advisors Inc. boosted its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 77.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,015 shares of the real estate investment trust’s stock after purchasing an additional 24,886 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Armada Hoffler Properties were worth $705,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Armada Hoffler Properties by 17.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,138 shares of the real estate investment trust’s stock worth $360,000 after purchasing an additional 5,231 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Armada Hoffler Properties by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,427,358 shares of the real estate investment trust’s stock worth $14,616,000 after purchasing an additional 77,025 shares during the period. Invesco Ltd. grew its holdings in shares of Armada Hoffler Properties by 11.8% during the third quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock valued at $11,663,000 after buying an additional 120,132 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Armada Hoffler Properties by 323.6% during the third quarter. SG Americas Securities LLC now owns 44,897 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 34,298 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Armada Hoffler Properties by 14.5% during the third quarter. Penserra Capital Management LLC now owns 42,362 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 5,353 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Down 1.0 %

Shares of NYSE AHH opened at $10.07 on Wednesday. The stock has a market capitalization of $889.99 million, a P/E ratio of -201.36 and a beta of 0.99. The company has a 50-day moving average price of $10.69 and a 200-day moving average price of $11.13. Armada Hoffler Properties, Inc. has a 1 year low of $9.81 and a 1 year high of $13.11. The company has a debt-to-equity ratio of 2.35, a current ratio of 9.55 and a quick ratio of 9.55.

Armada Hoffler Properties (NYSE:AHH) last issued 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 business had revenue of $186.75 million for the quarter, compared to analyst estimates of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

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

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Friday, March 15th. The stock was purchased at an average cost of $10.37 per share, for a total transaction 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired 7,129 shares of company stock worth $74,291 over the last three months. 11.70% of the stock is currently owned by insiders.

Armada Hoffler Properties Company 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.