Proficio Capital Partners LLC Invests $202,000 in Armada Hoffler Properties, Inc. (NYSE:AHH)

Proficio Capital Partners LLC purchased a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,703 shares of the real estate investment trust’s stock, valued at approximately $202,000.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,962 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter worth $107,000. Versor Investments LP acquired a new stake in shares of Armada Hoffler Properties in the third quarter valued at $108,000. Van ECK Associates Corp grew its stake in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Armada Hoffler Properties by 60.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,500 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 6,200 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Down 0.6 %

NYSE:AHH opened at $8.68 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. Armada Hoffler Properties, Inc. has a 1 year low of $8.58 and a 1 year high of $12.46. The stock has a market cap of $878.95 million, a P/E ratio of 27.11 and a beta of 1.04. The stock has a 50-day simple moving average of $9.49 and a 200-day simple moving average of $10.57.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly 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 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 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 6.46%. Armada Hoffler Properties’s dividend payout ratio is currently 256.25%.

Analyst Ratings Changes

Separately, Scotiabank lowered 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.