Arizona State Retirement System Purchases 3,815 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Arizona State Retirement System lifted its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 19.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,129 shares of the real estate investment trust’s stock after buying an additional 3,815 shares during the period. Arizona State Retirement System’s holdings in Armada Hoffler Properties were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vision Capital Corp bought a new position in Armada Hoffler Properties in the 3rd quarter valued at approximately $11,913,000. Sound Income Strategies LLC bought a new position in shares of Armada Hoffler Properties during the fourth quarter valued at $9,049,000. Franklin Resources Inc. boosted its position in shares of Armada Hoffler Properties by 8.9% during the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after buying an additional 158,625 shares during the last quarter. FMR LLC increased its holdings in Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after buying an additional 140,964 shares in the last quarter. Finally, Verition Fund Management LLC lifted its stake in 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 during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Down 1.4 %

AHH stock opened at $7.59 on Friday. The business’s 50-day moving average is $9.39 and its two-hundred day moving average is $10.51. The company has a market cap of $768.61 million, a price-to-earnings ratio of 23.71 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $12.46. 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 (NYSE:AHH) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. As a group, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 7.38%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 256.25%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced 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 research note on Friday, February 28th.

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.