AlphaQuest LLC Reduces Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

AlphaQuest LLC lessened its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,060 shares of the real estate investment trust’s stock after selling 6,746 shares during the quarter. AlphaQuest LLC owned approximately 0.05% of Armada Hoffler Properties worth $563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted 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 buying an additional 140,964 shares in the last quarter. Franklin Resources Inc. increased its holdings in Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after acquiring an additional 158,625 shares during the last quarter. Geode Capital Management LLC increased its holdings in Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after acquiring an additional 56,777 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Armada Hoffler Properties by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock valued at $11,929,000 after acquiring an additional 98,829 shares during the last quarter. Finally, Vision Capital Corp bought a new stake in Armada Hoffler Properties in the 3rd quarter valued at $11,913,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th.

Armada Hoffler Properties Stock Performance

Shares of NYSE:AHH opened at $8.68 on Thursday. The company has a market capitalization of $878.95 million, a price-to-earnings ratio of 27.11 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 12 month low of $8.58 and a 12 month high of $12.46. The firm’s 50-day moving average is $9.49 and its 200 day moving average is $10.57. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 6.46%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 256.25%.

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.