Mutual of America Capital Management LLC Has $123,000 Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Mutual of America Capital Management LLC grew its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,071 shares of the real estate investment trust’s stock after purchasing an additional 1,862 shares during the period. Mutual of America Capital Management LLC’s holdings in Armada Hoffler Properties were worth $123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vision Capital Corp acquired a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at about $11,913,000. Sound Income Strategies LLC acquired a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at about $9,049,000. Franklin Resources Inc. boosted its position in shares of Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after acquiring an additional 158,625 shares in the last quarter. FMR LLC boosted its position in shares of Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after acquiring an additional 140,964 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Armada Hoffler Properties by 516.8% during the 3rd quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust’s stock valued at $1,586,000 after acquiring an additional 122,701 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Down 1.6 %

Armada Hoffler Properties stock opened at $8.92 on Tuesday. The stock has a market capitalization of $903.62 million, a PE ratio of 27.86 and a beta of 1.04. Armada Hoffler Properties, Inc. has a twelve month low of $8.69 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 company has a 50 day moving average of $9.55 and a 200-day moving average of $10.61.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. On average, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 9.20%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 256.25%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Separately, Scotiabank cut their price target on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday, February 28th.

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.