Foster & Motley Inc. Sells 43,469 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Foster & Motley Inc. reduced its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 56.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,828 shares of the real estate investment trust’s stock after selling 43,469 shares during the period. Foster & Motley Inc.’s holdings in Armada Hoffler Properties were worth $418,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swiss National Bank grew its position in Armada Hoffler Properties by 1.3% during the 3rd quarter. Swiss National Bank now owns 149,300 shares of the real estate investment trust’s stock worth $1,529,000 after acquiring an additional 1,900 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Armada Hoffler Properties by 4.1% in the third quarter. State of Alaska Department of Revenue now owns 74,171 shares of the real estate investment trust’s stock valued at $759,000 after buying an additional 2,950 shares during the last quarter. Federated Hermes Inc. lifted its position in Armada Hoffler Properties by 1.5% during the 4th quarter. Federated Hermes Inc. now owns 207,498 shares of the real estate investment trust’s stock worth $2,567,000 after buying an additional 3,078 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Armada Hoffler Properties by 10.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 41,754 shares of the real estate investment trust’s stock worth $428,000 after acquiring an additional 3,847 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Armada Hoffler Properties by 17.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,138 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 5,231 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $10.37 per share, for a total transaction of $46,665.00. Following the transaction, the director now directly owns 12,005 shares of the company’s stock, valued at $124,491.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders acquired 7,129 shares of company stock valued at $74,291. Company insiders own 11.70% of the company’s stock.

Armada Hoffler Properties Price Performance

AHH opened at $10.54 on Thursday. The company has a debt-to-equity ratio of 2.35, a current ratio of 9.55 and a quick ratio of 9.55. The stock has a market capitalization of $931.08 million, a P/E ratio of -210.66 and a beta of 0.99. The company’s 50 day simple moving average is $10.56 and its 200-day simple moving average is $11.14. Armada Hoffler Properties, Inc. has a one year low of $9.81 and a one year high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.59). Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The firm had revenue of $186.75 million during the quarter, compared to the consensus estimate of $63.93 million. During the same quarter in the prior year, the business earned $0.35 EPS. Armada Hoffler Properties’s revenue was up 23.1% on a year-over-year basis. Sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.24 earnings per share for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a yield of 7.78%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -1,639.67%.

Armada Hoffler Properties Company Profile

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.