A Russell Kirk Purchases 10,000 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk purchased 10,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were bought at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now directly owns 69,430 shares of the company’s stock, valued at approximately $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, March 17th, A Russell Kirk acquired 30,000 shares of Armada Hoffler Properties stock. The shares were purchased at an average price of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Price Performance

Shares of NYSE:AHH opened at $7.73 on Wednesday. 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, Inc. has a 52 week low of $7.47 and a 52 week high of $12.46. The firm has a market cap of $783.20 million, a PE ratio of 24.16 and a beta of 1.04. The firm’s fifty day moving average is $9.11 and its 200-day moving average is $10.28.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Sell-side 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 7.24%. Armada Hoffler Properties’s payout ratio is 175.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV raised its stake in Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,962 shares during the last quarter. Intech Investment Management LLC grew its holdings in Armada Hoffler Properties by 130.5% during the 3rd quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust’s stock worth $381,000 after acquiring an additional 19,925 shares during the period. Algert Global LLC raised its position in shares of Armada Hoffler Properties by 77.8% in the 3rd quarter. Algert Global LLC now owns 250,247 shares of the real estate investment trust’s stock worth $2,710,000 after acquiring an additional 109,509 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Armada Hoffler Properties by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 86,339 shares of the real estate investment trust’s stock worth $935,000 after acquiring an additional 16,120 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Armada Hoffler Properties by 6.3% in 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 purchasing an additional 1,316 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Scotiabank dropped 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 report 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.