Charles Schwab Investment Management Inc. Purchases 98,829 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Charles Schwab Investment Management Inc. raised its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,166,090 shares of the real estate investment trust’s stock after purchasing an additional 98,829 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.15% of Armada Hoffler Properties worth $11,929,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AHH. Geode Capital Management LLC lifted its holdings in Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 56,777 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Armada Hoffler Properties by 9,145.7% in the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 38,595 shares in the last quarter. FMR LLC boosted its position in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after acquiring an additional 140,964 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Armada Hoffler Properties by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after acquiring an additional 97,642 shares in the last quarter. Finally, HGI Capital Management LLC increased its holdings in Armada Hoffler Properties by 44.4% in the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock valued at $2,708,000 after acquiring an additional 76,919 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $7.69 on Friday. Armada Hoffler Properties, Inc. has a one year low of $7.47 and a one year 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. The stock has a market cap of $778.64 million, a P/E ratio of 24.02 and a beta of 1.04. The stock has a 50-day moving average of $9.18 and a two-hundred day moving average of $10.36.

Armada Hoffler Properties (NYSE:AHH) last posted its 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 firm had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. As a group, research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed 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 is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 7.29%. Armada Hoffler Properties’s payout ratio is 175.00%.

Insiders Place Their Bets

In other news, Director A Russell Kirk acquired 30,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was acquired at an average cost of $7.64 per share, with a total value of $229,200.00. Following the completion of the purchase, the director now owns 49,430 shares of the company’s stock, valued at $377,645.20. This represents a 154.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 11.90% of the stock is currently owned by corporate insiders.

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.