New York State Common Retirement Fund Reduces Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

New York State Common Retirement Fund cut its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,517 shares of the real estate investment trust’s stock after selling 17,400 shares during the period. New York State Common Retirement Fund owned approximately 0.10% of Armada Hoffler Properties worth $1,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 56,777 shares during the last quarter. FMR LLC boosted its position in Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after purchasing an additional 140,964 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Armada Hoffler Properties by 18.6% in the third 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. HGI Capital Management LLC boosted its position in Armada Hoffler Properties by 44.4% in the third quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after purchasing an additional 76,919 shares during the last quarter. Finally, Barclays PLC boosted its position in Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 91,461 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Down 0.5 %

AHH stock opened at $9.13 on Tuesday. Armada Hoffler Properties, Inc. has a twelve month low of $8.76 and a twelve 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. The stock has a market cap of $925.42 million, a P/E ratio of 28.53 and a beta of 1.03. The business’s 50-day moving average price is $9.68 and its 200-day moving average price is $10.71.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data 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 firm had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. On average, equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 8.98%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 256.25%.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now directly owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AHH has been the topic of several research reports. Stifel Nicolaus raised their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Scotiabank lowered their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Friday.

Armada Hoffler Properties Company 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.