Teacher Retirement System of Texas Invests $626,000 in Armada Hoffler Properties, Inc. (NYSE:AHH)

Teacher Retirement System of Texas acquired a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 61,164 shares of the real estate investment trust’s stock, valued at approximately $626,000. Teacher Retirement System of Texas owned 0.06% of Armada Hoffler Properties as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AHH. FMR LLC boosted its stake in 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 worth $25,313,000 after buying an additional 140,964 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after acquiring an additional 158,625 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after acquiring an additional 56,777 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Armada Hoffler Properties by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock valued at $11,929,000 after purchasing an additional 98,829 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in Armada Hoffler Properties during the fourth quarter worth approximately $9,049,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Armada Hoffler Properties

In related news, Director A Russell Kirk purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average cost 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have acquired 90,383 shares of company stock worth $696,607. 11.90% of the stock is currently owned by corporate insiders.

Armada Hoffler Properties Stock Performance

Armada Hoffler Properties stock opened at $7.47 on Monday. The company has a market cap of $756.35 million, a price-to-earnings ratio of 23.33 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 12 month low of $7.37 and a 12 month high of $12.46. 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’s 50-day moving average is $8.97 and its 200-day moving average is $10.19.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. The firm had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 7.50%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is presently 175.00%.

Analyst Ratings Changes

Separately, Scotiabank decreased their price target on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a 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.