Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 329.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,159 shares of the real estate investment trust’s stock after buying an additional 45,395 shares during the period. Cerity Partners LLC owned approximately 0.06% of Armada Hoffler Properties worth $610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC boosted its position 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 period. Stoneridge Investment Partners LLC acquired a new stake in Armada Hoffler Properties in the fourth quarter worth about $107,000. Caisse Des Depots ET Consignations bought a new position in Armada Hoffler Properties in the 4th quarter valued at about $110,000. Inspire Advisors LLC acquired a new position in shares of Armada Hoffler Properties during the fourth quarter valued at approximately $122,000. Finally, Mutual of America Capital Management LLC raised its holdings in Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 1,862 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

Insider Transactions at Armada Hoffler Properties

In related news, Director A Russell Kirk purchased 30,000 shares of Armada Hoffler Properties stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $7.64 per share, with a total value of $229,200.00. Following the completion of the transaction, the director now directly owns 49,430 shares of the company’s stock, valued at $377,645.20. This trade represents a 154.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 90,954 shares of company stock valued at $699,607 over the last quarter. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Up 3.7 %

Shares of NYSE AHH opened at $6.81 on Monday. The business has a fifty day simple moving average of $7.99 and a 200-day simple moving average of $9.63. The company has a market cap of $689.48 million, a price-to-earnings ratio of 21.27 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 company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56.

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

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were issued a $0.14 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.23%. Armada Hoffler Properties’s payout ratio is currently 175.00%.

Analysts Set New Price Targets

Separately, Scotiabank decreased their target price on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 16th.

Armada Hoffler Properties Profile

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.