KLP Kapitalforvaltning AS Makes New $402,000 Investment in Armada Hoffler Properties, Inc. (NYSE:AHH)

KLP Kapitalforvaltning AS bought a new position in shares of 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 institutional investor bought 38,600 shares of the real estate investment trust’s stock, valued at approximately $402,000.

A number of other hedge funds have also modified their holdings of AHH. Victory Capital Management Inc. lifted its stake in 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 in the last quarter. Mutual of America Capital Management LLC raised its holdings in 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 buying an additional 1,862 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,000 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Armada Hoffler Properties by 10.3% during the fourth quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 2,779 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Armada Hoffler Properties by 17.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,730 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 2,800 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their price objective on 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.

Armada Hoffler Properties Trading Down 1.0 %

NYSE AHH opened at $6.85 on Friday. The company has a market cap of $694.04 million, a P/E ratio of 21.41 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 12 month low of $6.52 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 company has a 50-day moving average of $8.71 and a 200-day moving average of $10.05.

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 for the quarter, beating the consensus estimate 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 analyst estimates of $66.67 million. As a group, equities analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is currently 175.00%.

Insider Buying and Selling

In related news, Director A Russell Kirk purchased 10,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were acquired at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the transaction, the director now owns 69,430 shares of the company’s stock, valued at $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought 90,000 shares of company stock worth $692,700 over the last ninety days. 11.90% of the stock is owned by 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.