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

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $7.70 per share, for a total transaction of $77,000.00. Following the transaction, the director now directly owns 69,430 shares in the company, valued at $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, March 17th, A Russell Kirk purchased 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 AHH stock traded up $0.21 during trading hours on Monday, hitting $7.90. 1,011,266 shares of the company’s stock were exchanged, compared to its average volume of 870,906. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The business’s 50 day simple moving average is $9.18 and its 200-day simple moving average is $10.34. The company has a market capitalization of $799.92 million, a PE ratio of 24.67 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 12-month low of $7.47 and a 12-month high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share 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 firm had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. On average, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 175.00%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its position in shares of Armada Hoffler Properties by 80.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,000 shares in the last quarter. 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 valued at $53,000 after buying an additional 1,962 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 1,551 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter worth $107,000. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Armada Hoffler Properties during the fourth quarter valued at $110,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

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.