Raymond James Financial Inc. Makes New Investment in Armada Hoffler Properties, Inc. (NYSE:AHH)

Raymond James Financial Inc. purchased a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 218,888 shares of the real estate investment trust’s stock, valued at approximately $2,239,000. Raymond James Financial Inc. owned 0.22% of Armada Hoffler Properties as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its stake in Armada Hoffler Properties by 80.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,000 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter worth about $107,000. Mutual of America Capital Management LLC boosted its position in shares of Armada Hoffler Properties by 18.2% in the fourth 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 acquiring an additional 1,862 shares during the period. Victory Capital Management Inc. grew its stake in Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Versor Investments LP increased its holdings in Armada Hoffler Properties by 49.0% during the 4th quarter. Versor Investments LP now owns 14,900 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 4,900 shares during the period. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Down 0.7 %

AHH stock opened at $7.47 on Monday. The company’s 50 day moving average is $8.97 and its 200 day moving average is $10.19. The stock has a market cap of $756.35 million, a price-to-earnings ratio of 23.33 and a beta of 1.04. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 1-year low of $7.37 and a 1-year high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $66.67 million. Sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company 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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 175.00%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 10,000 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $7.70 per share, with a total value of $77,000.00. Following the purchase, the director now owns 69,430 shares of the company’s stock, valued at approximately $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders bought 90,383 shares of company stock worth $696,607. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their price target 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.

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.