Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,695 shares of the real estate investment trust’s stock after selling 2,570 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Armada Hoffler Properties were worth $293,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings 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 in the first quarter valued at $32,000. C M Bidwell & Associates Ltd. acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $62,000. Captrust Financial Advisors purchased a new stake in Armada Hoffler Properties during the 2nd quarter worth $100,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Armada Hoffler Properties in the 3rd quarter worth $109,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Up 1.2 %

Shares of NYSE AHH opened at $10.23 on Friday. Armada Hoffler Properties, Inc. has a 1 year low of $9.81 and a 1 year high of $13.11. The stock’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $11.12. The company has a debt-to-equity ratio of 2.35, a quick ratio of 9.55 and a current ratio of 9.55. The firm has a market cap of $904.13 million, a price-to-earnings ratio of -204.56 and a beta of 0.99.

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

Armada Hoffler Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.82 annualized dividend and a dividend yield of 8.02%. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s payout ratio is presently -1,639.67%.

Insider Transactions at Armada Hoffler Properties

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

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.