Albert D Mason Inc. Purchases 55,012 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Albert D Mason Inc. boosted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 43.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,974 shares of the real estate investment trust’s stock after buying an additional 55,012 shares during the period. Armada Hoffler Properties makes up 1.2% of Albert D Mason Inc.’s investment portfolio, making the stock its 21st biggest holding. Albert D Mason Inc. owned approximately 0.18% of Armada Hoffler Properties worth $1,862,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP bought a new position in Armada Hoffler Properties in the 2nd quarter worth about $367,000. Hsbc Holdings PLC raised its position in shares of Armada Hoffler Properties by 23.3% in the second quarter. Hsbc Holdings PLC now owns 69,219 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 13,102 shares in the last quarter. Intech Investment Management LLC bought a new stake in Armada Hoffler Properties during the second quarter valued at $169,000. Sei Investments Co. grew its position in Armada Hoffler Properties by 24.1% during the second quarter. Sei Investments Co. now owns 290,852 shares of the real estate investment trust’s stock worth $3,226,000 after buying an additional 56,486 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Armada Hoffler Properties by 5.5% during the second quarter. Public Sector Pension Investment Board now owns 147,601 shares of the real estate investment trust’s stock worth $1,637,000 after purchasing an additional 7,732 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insider Activity

In related news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares of the company’s stock, valued at $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Down 0.4 %

Shares of Armada Hoffler Properties stock opened at $9.77 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The company’s 50 day moving average price is $10.54 and its 200-day moving average price is $11.15. The stock has a market capitalization of $990.59 million, a price-to-earnings ratio of -46.54 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 52-week low of $9.26 and a 52-week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. During the same period in the previous year, the company earned $0.31 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 8.39%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio is currently -390.46%.

Armada Hoffler Properties Profile

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.