Swiss National Bank Has $1.60 Million Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Swiss National Bank increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,784 shares of the real estate investment trust’s stock after purchasing an additional 3,300 shares during the quarter. Swiss National Bank owned about 0.15% of Armada Hoffler Properties worth $1,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in shares of Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 2,000 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in Armada Hoffler Properties during the 4th quarter valued at about $107,000. Inspire Advisors LLC bought a new position in shares of Armada Hoffler Properties in the 4th quarter valued at about $122,000. Mutual of America Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 18.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 1,862 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Armada Hoffler Properties by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 1,190 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $7.47 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The stock has a market cap of $756.35 million, a PE ratio of 23.33 and a beta of 1.04. The stock has a 50-day moving average of $8.97 and a 200-day moving average of $10.21. Armada Hoffler Properties, Inc. has a one year low of $7.37 and a one year high of $12.46.

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

Armada Hoffler Properties Cuts Dividend

The firm 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 $0.14 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 7.50%. Armada Hoffler Properties’s dividend payout ratio is presently 175.00%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their price objective on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

Insider Activity

In other news, Director A Russell Kirk bought 50,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was purchased at an average price of $7.73 per share, for a total transaction of $386,500.00. Following the acquisition, the director now owns 119,430 shares in the company, valued at approximately $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased 90,383 shares of company stock worth $696,607 over the last quarter. 11.90% of the stock is currently owned by company 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.