Natixis Advisors LLC Sells 8,180 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Natixis Advisors LLC trimmed its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 21.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,393 shares of the real estate investment trust’s stock after selling 8,180 shares during the period. Natixis Advisors LLC’s holdings in Armada Hoffler Properties were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sound Income Strategies LLC purchased a new stake in Armada Hoffler Properties in the fourth quarter worth $9,049,000. Raymond James Financial Inc. purchased a new stake in Armada Hoffler Properties in the fourth quarter valued at about $2,239,000. Franklin Resources Inc. boosted its stake in Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after purchasing an additional 158,625 shares in the last quarter. FMR LLC increased its position in shares of 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 valued at $25,313,000 after acquiring an additional 140,964 shares during the period. Finally, Verition Fund Management LLC lifted its holdings in shares of Armada Hoffler Properties by 516.8% during the third quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 122,701 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Down 0.7 %

Shares of AHH opened at $7.47 on Friday. Armada Hoffler Properties, Inc. has a 1 year low of $7.37 and a 1 year high of $12.46. The company’s 50-day simple moving average is $8.97 and its 200-day simple moving average is $10.21. The stock has a market capitalization of $756.35 million, a PE ratio of 23.33 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.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 7.50%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is currently 175.00%.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the completion of the purchase, the director now directly owns 119,430 shares in the company, valued at $923,193.90. This represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 90,383 shares of company stock valued at $696,607 in the last ninety days. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank decreased their price objective on shares of 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 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.