Baker Ellis Asset Management LLC Sells 1,750 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Baker Ellis Asset Management LLC cut its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 11.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,360 shares of the real estate investment trust’s stock after selling 1,750 shares during the period. Baker Ellis Asset Management LLC’s holdings in Armada Hoffler Properties were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in shares of Armada Hoffler Properties by 224.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,853 shares in the last quarter. Van ECK Associates Corp increased its position in Armada Hoffler Properties by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,552 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Armada Hoffler Properties in the 3rd quarter valued at about $143,000. Custom Index Systems LLC bought a new stake in Armada Hoffler Properties in the 4th quarter valued at about $267,000. Finally, AXS Investments LLC bought a new stake in Armada Hoffler Properties in the 4th quarter valued at about $307,000. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $11.09 on Friday. Armada Hoffler Properties, Inc. has a one year low of $9.81 and a one year high of $13.11. The firm has a market capitalization of $984.57 million, a price-to-earnings ratio of 123.24 and a beta of 1.02. The business has a 50-day simple moving average of $11.09 and a 200 day simple moving average of $11.29. The company has a debt-to-equity ratio of 2.41, a current ratio of 9.54 and a quick ratio of 9.54.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Thursday, May 9th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The company had revenue of $61.88 million for the quarter, compared to the consensus estimate of $61.55 million. Armada Hoffler Properties had a return on equity of 2.96% and a net margin of 2.76%. On average, research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.25 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Wednesday, June 26th. Armada Hoffler Properties’s dividend payout ratio is currently 911.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

Insiders Place Their Bets

In other Armada Hoffler Properties news, insider Eric E. Apperson sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $11.59, for a total transaction of $463,600.00. Following the completion of the sale, the insider now directly owns 53,867 shares of the company’s stock, valued at approximately $624,318.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.90% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.