Vanguard Group Inc. Has $97.36 Million Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Vanguard Group Inc. raised its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,516,800 shares of the real estate investment trust’s stock after buying an additional 829,392 shares during the quarter. Vanguard Group Inc. owned 9.39% of Armada Hoffler Properties worth $97,357,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its stake in Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 2,000 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at $107,000. Inspire Advisors LLC bought a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at $122,000. Mutual of America Capital Management LLC raised its stake in Armada Hoffler Properties by 18.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 1,862 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 1,190 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director A Russell Kirk bought 50,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the transaction, the director now owns 119,430 shares of the company’s stock, valued at $923,193.90. This represents a 72.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 90,954 shares of company stock valued at $699,607 over the last quarter. 11.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their price target on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday, February 28th.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH opened at $6.78 on Thursday. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $687.15 million, a P/E ratio of 21.19 and a beta of 0.89. Armada Hoffler Properties, Inc. has a 12 month low of $6.10 and a 12 month high of $12.46. The stock has a 50 day moving average of $8.40 and a 200-day moving average of $9.86.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. As a group, equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 8.26%. Armada Hoffler Properties’s dividend payout ratio is 175.00%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) 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.