Allspring Global Investments Holdings LLC Acquires 6,200 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Allspring Global Investments Holdings LLC grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 60.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,500 shares of the real estate investment trust’s stock after purchasing an additional 6,200 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Armada Hoffler Properties were worth $169,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. KBC Group NV raised its stake in shares of 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 worth $53,000 after acquiring an additional 1,962 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Armada Hoffler Properties during the fourth quarter worth about $107,000. Versor Investments LP acquired a new stake in Armada Hoffler Properties in the 3rd quarter valued at $108,000. Van ECK Associates Corp grew its stake in shares of Armada Hoffler Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 1,251 shares in the last quarter. Finally, abrdn plc lifted its position in shares of 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 buying an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $9.02 on Wednesday. Armada Hoffler Properties, Inc. has a 1-year low of $8.76 and a 1-year high of $12.46. 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 cap of $913.76 million, a P/E ratio of 28.17 and a beta of 1.03. The business has a 50-day moving average price of $9.77 and a two-hundred day moving average price of $10.77.

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 for the quarter, beating 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 company had revenue of $62.95 million for the quarter, compared to analyst estimates 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 9.10%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 256.26%.

Insider Activity

In other news, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 11.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Scotiabank began coverage on Armada Hoffler Properties in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $11.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

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.