Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) Director A Russell Kirk bought 30,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was 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 of the company's stock, valued at $377,645.20. This represents a 154.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Armada Hoffler Properties Trading Up 1.9 %
Shares of AHH stock opened at $7.81 on Thursday. The stock has a market capitalization of $790.90 million, a PE ratio of 24.39 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 company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The business has a 50-day moving average of $9.26 and a 200 day moving average of $10.41.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly 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 business had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 yield of 7.17%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties's payout ratio is 175.00%.
Analyst Ratings Changes
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 report on Friday, February 28th.
View Our Latest Stock Report on Armada Hoffler Properties
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in 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 buying an additional 56,777 shares in the last quarter. US Bancorp DE lifted its stake in shares of Armada Hoffler Properties by 9,145.7% in the 4th quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust's stock valued at $399,000 after purchasing an additional 38,595 shares during the period. FMR LLC boosted 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 valued at $25,313,000 after purchasing an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust's stock worth $6,737,000 after purchasing an additional 97,642 shares in the last quarter. Finally, HGI Capital Management LLC boosted its holdings in shares of Armada Hoffler Properties by 44.4% during the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust's stock valued at $2,708,000 after buying an additional 76,919 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.
Armada Hoffler Properties Company Profile
(
Get Free Report)
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.
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