Northern Trust Corp Has $9.50 Million Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Northern Trust Corp lifted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 35.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 928,269 shares of the real estate investment trust’s stock after purchasing an additional 243,541 shares during the period. Northern Trust Corp owned 0.92% of Armada Hoffler Properties worth $9,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC raised its stake in shares of Armada Hoffler Properties by 80.0% in the fourth 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. Summit Investment Advisors Inc. increased its holdings in shares of Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Armada Hoffler Properties in the 4th quarter worth approximately $107,000. Caisse Des Depots ET Consignations acquired a new position in Armada Hoffler Properties during the 4th quarter worth $110,000. Finally, Inspire Advisors LLC acquired a new position in Armada Hoffler Properties during the 4th quarter worth $122,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AHH shares. Stifel Nicolaus lowered their target price on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating for the company in a research note on Thursday, May 8th. Scotiabank dropped their price objective on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Wednesday, April 16th.

Insider Activity at Armada Hoffler Properties

In related news, Director A Russell Kirk purchased 10,000 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the purchase, the director now owns 69,430 shares in the company, valued at $534,611. This represents a 16.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders acquired 90,954 shares of company stock worth $699,607. 10.20% of the stock is owned by company insiders.

Armada Hoffler Properties Trading Up 1.4%

NYSE:AHH opened at $7.41 on Friday. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.46. The firm has a market capitalization of $750.78 million, a price-to-earnings ratio of 23.16 and a beta of 1.09. The business’s 50-day moving average price is $7.12 and its two-hundred day moving average price is $9.08.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $63.80 million during the quarter, compared to analyst estimates of $63.18 million. On average, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 700.00%.

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.