Daiwa Securities Group Inc. Sells 1,031 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Daiwa Securities Group Inc. decreased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,157 shares of the real estate investment trust’s stock after selling 1,031 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Armada Hoffler Properties were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AHH. SG Americas Securities LLC boosted its position 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 worth $460,000 after acquiring an additional 34,298 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Armada Hoffler Properties by 4.1% during the third quarter. State of Alaska Department of Revenue now owns 74,171 shares of the real estate investment trust’s stock valued at $759,000 after purchasing an additional 2,950 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Armada Hoffler Properties during the third quarter valued at $329,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Armada Hoffler Properties by 17.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,138 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 5,231 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in Armada Hoffler Properties during the third quarter valued at $307,000. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

AHH stock opened at $10.57 on Friday. Armada Hoffler Properties, Inc. has a 52 week low of $9.81 and a 52 week high of $13.11. The company has a quick ratio of 9.55, a current ratio of 9.55 and a debt-to-equity ratio of 2.35. The company has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $11.13. The firm has a market capitalization of $933.73 million, a P/E ratio of -211.26 and a beta of 0.99.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data 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). Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The business had revenue of $186.75 million for the quarter, compared to the consensus estimate of $63.93 million. During the same quarter last year, the business earned $0.35 EPS. Armada Hoffler Properties’s revenue for the quarter was up 23.1% compared to the same quarter last year. 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.82 annualized dividend and a yield of 7.76%. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s dividend payout ratio (DPR) is -1,639.67%.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the acquisition, the director now 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 the SEC website. In the last quarter, insiders bought 7,129 shares of company stock worth $74,291. 11.70% of the stock is currently owned by insiders.

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.