Amundi Purchases 6,615 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Amundi raised its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 18.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,642 shares of the real estate investment trust’s stock after purchasing an additional 6,615 shares during the quarter. Amundi’s holdings in Armada Hoffler Properties were worth $409,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake 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 valued at $142,000 after acquiring an additional 1,190 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Armada Hoffler Properties by 6.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 1,316 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Armada Hoffler Properties by 18.2% during 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 acquiring an additional 1,862 shares during the period. KBC Group NV grew its stake in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,962 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,000 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Down 0.4 %

Shares of AHH opened at $7.79 on Friday. The stock has a market capitalization of $788.78 million, a price-to-earnings ratio of 24.33 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 1 year low of $7.47 and a 1 year high of $12.46. The business’s 50 day simple moving average is $9.22 and its 200-day simple moving average is $10.39. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is 175.00%.

Insider Transactions at Armada Hoffler Properties

In related news, Director A Russell Kirk acquired 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $7.64 per share, with a total value of $229,200.00. Following the completion of the transaction, the director now directly owns 49,430 shares in the company, valued at $377,645.20. This trade represents a 154.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank cut their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note 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.