Maryland State Retirement & Pension System Sells 1,110 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Maryland State Retirement & Pension System lowered its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,386 shares of the real estate investment trust’s stock after selling 1,110 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Armada Hoffler Properties were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its position in Armada Hoffler Properties by 70.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 47,377 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Armada Hoffler Properties by 9.4% in the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after buying an additional 83,500 shares during the last quarter. Vanguard Group Inc. raised its stake in Armada Hoffler Properties by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after buying an additional 65,300 shares during the last quarter. Sei Investments Co. raised its stake in Armada Hoffler Properties by 2.7% in the first quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock valued at $2,437,000 after buying an additional 6,236 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Armada Hoffler Properties by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock valued at $19,193,000 after buying an additional 124,204 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Down 0.2 %

Shares of NYSE:AHH opened at $12.06 on Thursday. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 134.00 and a beta of 1.03. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The business has a 50-day moving average price of $11.63 and a 200-day moving average price of $11.09.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Wednesday, June 26th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend was Wednesday, June 26th. Armada Hoffler Properties’s payout ratio is 911.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus assumed coverage on Armada Hoffler Properties in a research note on Monday, July 15th. They issued a “buy” rating and a $12.75 price target for the company. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group cut Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $13.00 to $11.00 in a research note on Monday, July 15th.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, July 10th. The stock was bought at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the transaction, the director now owns 21,486 shares in the company, valued at $238,279.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.90% 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.