Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,046 shares of the real estate investment trust’s stock after purchasing an additional 89,962 shares during the quarter. Bank of New York Mellon Corp owned 0.67% of Armada Hoffler Properties worth $6,957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV grew its stake in Armada Hoffler Properties by 66.0% during the 3rd 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. Versor Investments LP acquired a new position in Armada Hoffler Properties during the 3rd quarter worth $108,000. Stoneridge Investment Partners LLC acquired a new position in Armada Hoffler Properties during the 4th quarter worth $107,000. Van ECK Associates Corp grew its stake in Armada Hoffler Properties by 31.0% during the 4th quarter. Van ECK Associates Corp now owns 14,933 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 3,530 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Armada Hoffler Properties by 60.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,500 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 6,200 shares during the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, 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 report on Friday, February 28th.

Armada Hoffler Properties Trading Down 1.4 %

AHH opened at $7.59 on Friday. Armada Hoffler Properties, Inc. has a one year low of $7.56 and a one year high of $12.46. The company has a market cap of $768.61 million, a P/E ratio of 23.71 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The business’s 50-day simple moving average is $9.39 and its 200-day simple moving average is $10.51.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company 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 $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.38%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 256.25%.

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.