New York State Teachers Retirement System Sells 2,500 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

New York State Teachers Retirement System lowered its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,584 shares of the real estate investment trust’s stock after selling 2,500 shares during the period. New York State Teachers Retirement System’s holdings in Armada Hoffler Properties were worth $1,195,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in Armada Hoffler Properties during the first quarter valued at $32,000. Federated Hermes Inc. purchased a new position in shares of Armada Hoffler Properties in the first quarter valued at about $35,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Armada Hoffler Properties in the third quarter worth about $62,000. Captrust Financial Advisors purchased a new stake in shares of Armada Hoffler Properties in the second quarter worth about $100,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Armada Hoffler Properties in the third quarter worth about $109,000. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Up 0.3 %

Shares of NYSE AHH opened at $10.10 on Thursday. The business’s 50 day moving average is $10.65 and its two-hundred day moving average is $11.13. 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, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. The stock has a market capitalization of $892.64 million, a P/E ratio of -201.96 and a beta of 0.99.

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 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 the consensus estimate of $63.93 million. During the same period last year, the company earned $0.35 EPS. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current year.

Armada Hoffler Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were issued a dividend of $0.205 per share. The ex-dividend date was Tuesday, March 26th. This represents a $0.82 dividend on an annualized basis and a yield of 8.12%. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s dividend payout ratio is currently -1,639.67%.

Insiders Place Their Bets

In related news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction on Friday, March 15th. The stock was bought at an average price 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 in the company, valued at $124,491.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 7,129 shares of company stock worth $74,291 over the last 90 days. Company insiders own 11.70% of the company’s stock.

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.