Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Buys 50,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk purchased 50,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 25th. The shares were bought at an average price of $7.73 per share, with a total value of $386,500.00. Following the completion of the transaction, the director now owns 119,430 shares of the company’s stock, valued at $923,193.90. This represents a 72.01 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

A Russell Kirk also recently made the following trade(s):

• On Thursday, March 20th, A Russell Kirk purchased 10,000 shares of Armada Hoffler Properties stock. The stock was acquired at an average cost of $7.70 per share, for a total transaction of $77,000.00.
• On Monday, March 17th, A Russell Kirk purchased 30,000 shares of Armada Hoffler Properties stock. The stock was acquired at an average cost of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Trading Down 0.5 %

NYSE AHH opened at $7.52 on Friday. Armada Hoffler Properties, Inc. has a 12 month low of $7.47 and a 12 month high of $12.46. The company has a market cap of $761.42 million, a P/E ratio of 23.49 and a beta of 1.04. 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 $9.02 and a 200-day moving average of $10.24.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating 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 company had revenue of $62.95 million during the quarter, compared to analysts’ expectations 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 announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 7.45%. Armada Hoffler Properties’s payout ratio is 175.00%.

Hedge Funds Weigh In On Armada Hoffler Properties

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after purchasing an additional 56,777 shares during the period. US Bancorp DE increased its position in shares of Armada Hoffler Properties by 9,145.7% in the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 38,595 shares in the last quarter. FMR LLC raised its holdings in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after acquiring an additional 140,964 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Armada Hoffler Properties by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after acquiring an additional 97,642 shares in the last quarter. Finally, HGI Capital Management LLC boosted its stake in Armada Hoffler Properties by 44.4% in the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after purchasing an additional 76,919 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their target price 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.

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.