Globeflex Capital L P Sells 4,927 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Globeflex Capital L P reduced its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,067 shares of the real estate investment trust’s stock after selling 4,927 shares during the period. Globeflex Capital L P’s holdings in Armada Hoffler Properties were worth $5,995,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Swiss National Bank raised its stake in Armada Hoffler Properties by 2.2% in the fourth quarter. Swiss National Bank now owns 156,784 shares of the real estate investment trust’s stock worth $1,604,000 after buying an additional 3,300 shares in the last quarter. Inspire Advisors LLC bought a new position in Armada Hoffler Properties in the fourth quarter worth about $122,000. Daiwa Securities Group Inc. raised its stake in Armada Hoffler Properties by 17.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 26,230 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 3,958 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Armada Hoffler Properties by 91.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,739 shares of the real estate investment trust’s stock worth $754,000 after buying an additional 35,222 shares in the last quarter. Finally, Amundi increased its stake in shares of Armada Hoffler Properties by 18.9% during the fourth quarter. Amundi now owns 41,642 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 6,615 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $7.59 on Friday. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.56 and a fifty-two week high of $12.46. The company has a 50 day simple moving average of $9.39 and a two-hundred day simple moving average of $10.52. The company has a market capitalization of $768.61 million, a price-to-earnings ratio of 23.71 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS 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 firm had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. Analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS 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 issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is 256.25%.

Analyst Ratings Changes

Separately, Scotiabank decreased their target price on shares of 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.