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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AHH. Victory Capital Management Inc. lifted its position in shares of Armada Hoffler Properties by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,190 shares during the period. Daiwa Securities Group Inc. raised its stake in Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 1,316 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 1,862 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in Armada Hoffler Properties by 10.3% during the 4th quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 2,779 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Trading Down 0.5 %

NYSE AHH opened at $7.52 on Friday. Armada Hoffler Properties, Inc. has a 52 week low of $7.47 and a 52 week high of $12.46. The company has a 50 day moving average price of $9.02 and a 200 day moving average price of $10.24. 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 firm has a market cap of $761.42 million, a PE ratio of 23.49 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results 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 return on equity of 5.96% and a net margin of 5.99%. The business had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. As a group, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Insiders Place Their Bets

In related news, Director A Russell Kirk purchased 10,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders acquired 90,383 shares of company stock valued at $696,607. 11.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Scotiabank reduced their price target 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 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.