Federated Hermes Inc. Grows Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Federated Hermes Inc. boosted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 207,498 shares of the real estate investment trust’s stock after acquiring an additional 3,078 shares during the quarter. Federated Hermes Inc.’s holdings in Armada Hoffler Properties were worth $2,567,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 77,025 shares in the last quarter. Invesco Ltd. grew its holdings in Armada Hoffler Properties by 11.8% in 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 purchasing an additional 120,132 shares during the last quarter. Mesirow Institutional Investment Management Inc. grew its holdings in Armada Hoffler Properties by 11.3% in the third quarter. Mesirow Institutional Investment Management Inc. now owns 918,413 shares of the real estate investment trust’s stock valued at $9,405,000 after purchasing an additional 93,185 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Armada Hoffler Properties by 40.6% in the third quarter. First Eagle Investment Management LLC now owns 814,806 shares of the real estate investment trust’s stock valued at $8,344,000 after purchasing an additional 235,474 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Armada Hoffler Properties by 2.6% in the third quarter. Janney Montgomery Scott LLC now owns 352,335 shares of the real estate investment trust’s stock valued at $3,608,000 after purchasing an additional 8,893 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 0.7 %

Armada Hoffler Properties stock opened at $10.57 on Friday. 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 capitalization of $934.18 million, a price-to-earnings ratio of -211.36 and a beta of 0.99. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The stock’s fifty day moving average is $10.50 and its two-hundred day moving average is $11.14.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.59). The firm had revenue of $186.75 million during 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 revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Analysts predict that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid 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 dividend 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 presently -1,639.67%.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $10.37 per share, with a total value of $46,665.00. Following the completion of the purchase, the director now directly owns 12,005 shares in the company, valued at $124,491.85. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 7,129 shares of company stock valued at $74,291 over the last quarter. 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.