Van ECK Associates Corp Purchases 3,530 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Van ECK Associates Corp grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 31.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,933 shares of the real estate investment trust’s stock after acquiring an additional 3,530 shares during the period. Van ECK Associates Corp’s holdings in Armada Hoffler Properties were worth $153,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in shares of Armada Hoffler Properties by 6.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 1,316 shares during the last quarter. abrdn plc increased its holdings in Armada Hoffler Properties by 10.5% in the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,322 shares during the period. Asset Management One Co. Ltd. increased its holdings in Armada Hoffler Properties by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock valued at $1,053,000 after purchasing an additional 1,642 shares during the period. KBC Group NV increased its holdings in Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Armada Hoffler Properties by 10.3% in the fourth quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 2,779 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. This represents a 16.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

AHH has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. Scotiabank initiated coverage on Armada Hoffler Properties in a report on Tuesday, January 28th. They issued a “sector perform” rating and a $11.00 price objective for the company.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $8.93 on Monday. 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 business has a 50-day moving average price of $9.84 and a two-hundred day moving average price of $10.80. Armada Hoffler Properties, Inc. has a 1-year low of $8.76 and a 1-year high of $12.46. The company has a market cap of $905.25 million, a P/E ratio of 27.91 and a beta of 1.03.

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

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were issued a dividend of $0.205 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 9.18%. Armada Hoffler Properties’s payout ratio is currently 256.25%.

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.