LPL Financial LLC Acquires 5,559 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

LPL Financial LLC grew its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 29.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,500 shares of the real estate investment trust’s stock after buying an additional 5,559 shares during the quarter. LPL Financial LLC’s holdings in Armada Hoffler Properties were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after buying an additional 158,625 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Armada Hoffler Properties by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock worth $11,929,000 after purchasing an additional 98,829 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth about $9,049,000. Bank of New York Mellon Corp increased its stake in shares of Armada Hoffler Properties by 15.2% during the 4th quarter. Bank of New York Mellon Corp now owns 680,046 shares of the real estate investment trust’s stock worth $6,957,000 after purchasing an additional 89,962 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Armada Hoffler Properties by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock worth $6,737,000 after purchasing an additional 97,642 shares during the last quarter. 66.35% of the stock is owned by institutional investors.

Insider Transactions at Armada Hoffler Properties

In other news, Director A Russell Kirk purchased 10,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $7.70 per share, with a total value of $77,000.00. Following the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. The trade was a 16.83 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 90,954 shares of company stock valued at $699,607. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Up 1.5 %

Shares of AHH opened at $6.82 on Tuesday. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $12.46. The firm has a market cap of $691.00 million, a P/E ratio of 21.31 and a beta of 0.89. The firm’s 50-day simple moving average is $7.67 and its 200 day simple moving average is $9.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results 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. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The business had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. On average, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock 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.