Fox Run Management L.L.C. Trims Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Fox Run Management L.L.C. trimmed its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 61.7% during the 4th quarter, Holdings Channel reports. The firm owned 19,922 shares of the real estate investment trust’s stock after selling 32,080 shares during the period. Fox Run Management L.L.C.’s holdings in Armada Hoffler Properties were worth $204,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Armada Hoffler Properties by 3.3% during the third 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 acquiring an additional 56,777 shares during the period. US Bancorp DE grew its position in shares of Armada Hoffler Properties by 9,145.7% during the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 38,595 shares in the last quarter. FMR LLC grew its position 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 worth $25,313,000 after purchasing an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Armada Hoffler Properties by 18.6% during 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 purchasing an additional 97,642 shares during the period. Finally, HGI Capital Management LLC lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut their price objective on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday, February 28th.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the acquisition, the director now directly owns 69,430 shares in the company, valued at approximately $534,611. This represents a 16.83 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired a total of 90,383 shares of company stock valued at $696,607 over the last 90 days. 11.90% of the stock is owned by corporate insiders.

Armada Hoffler Properties Trading Down 0.7 %

Shares of Armada Hoffler Properties stock opened at $7.47 on Friday. Armada Hoffler Properties, Inc. has a twelve month low of $7.37 and a twelve month high of $12.46. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average price of $8.97 and a 200-day moving average price of $10.21. The firm 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 (NYSE:AHH) last released its quarterly earnings results 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. The business had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 7.50%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is presently 175.00%.

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.