Amalgamated Bank Increases Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Amalgamated Bank lifted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,220 shares of the real estate investment trust’s stock after buying an additional 3,110 shares during the period. Amalgamated Bank’s holdings in Armada Hoffler Properties were worth $238,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV lifted its stake 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 last quarter. Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $107,000. Versor Investments LP purchased a new position in Armada Hoffler Properties in the third quarter valued at approximately $108,000. Van ECK Associates Corp lifted its stake in 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 purchasing an additional 1,251 shares during the last quarter. Finally, abrdn plc lifted its stake 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 last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

AHH has been the topic of several research analyst reports. Scotiabank dropped 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 note on Friday, February 28th. Stifel Nicolaus boosted their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Trading Down 1.5 %

Shares of AHH stock opened at $8.98 on Wednesday. The company’s fifty day simple moving average is $9.65 and its two-hundred day simple moving average is $10.69. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. Armada Hoffler Properties, Inc. has a 1 year low of $8.76 and a 1 year high of $12.46. The stock has a market capitalization of $909.71 million, a price-to-earnings ratio of 28.05 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (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 analysts’ expectations of $66.67 million. As a group, analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were issued a $0.205 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.82 annualized dividend and a dividend yield of 9.14%. Armada Hoffler Properties’s payout ratio is currently 256.25%.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.

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.