Aigen Investment Management LP Takes Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Aigen Investment Management LP bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the 4th quarter, Holdings Channel.com reports. The firm bought 16,583 shares of the real estate investment trust’s stock, valued at approximately $170,000.

A number of other hedge funds have also recently added to or reduced their stakes in AHH. FMR LLC increased its stake in shares of Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after acquiring an additional 140,964 shares during the last quarter. Franklin Resources Inc. grew its holdings in Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after purchasing an additional 158,625 shares during the period. Geode Capital Management LLC increased its position 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 worth $19,127,000 after purchasing an additional 56,777 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Armada Hoffler Properties by 9.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock worth $11,929,000 after purchasing an additional 98,829 shares during the period. Finally, Vision Capital Corp purchased a new position in Armada Hoffler Properties during the third quarter worth approximately $11,913,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Up 2.2 %

AHH opened at $9.05 on Monday. The company has a market cap of $917.00 million, a PE ratio of 28.27 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, Inc. has a 1 year low of $8.69 and a 1 year high of $12.46. The firm has a 50 day moving average price of $9.57 and a 200 day moving average price of $10.63.

Armada Hoffler Properties (NYSE:AHH) last issued its 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 business had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio is presently 256.25%.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now owns 31,649 shares in the company, valued at $343,391.65. This represents a 16.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank dropped their price objective on 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.

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.