Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by TT Capital Management LLC

TT Capital Management LLC boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 86.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 52,550 shares of the real estate investment trust’s stock after acquiring an additional 24,350 shares during the quarter. TT Capital Management LLC owned about 0.05% of Armada Hoffler Properties worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Armada Hoffler Properties by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after buying an additional 829,392 shares during the period. Franklin Resources Inc. raised its holdings in Armada Hoffler Properties by 9.0% in the 4th quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust’s stock worth $21,542,000 after purchasing an additional 173,149 shares during the period. Geode Capital Management LLC raised its holdings in Armada Hoffler Properties by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock worth $20,824,000 after purchasing an additional 269,367 shares during the period. Sound Income Strategies LLC boosted its position in Armada Hoffler Properties by 58.3% during the first quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust’s stock worth $10,518,000 after purchasing an additional 515,999 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Armada Hoffler Properties by 118.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock worth $13,453,000 after purchasing an additional 713,010 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director A Russell Kirk purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average price of $7.73 per share, with a total value of $386,500.00. Following the completion of the acquisition, the director now owns 119,430 shares in the company, valued at $923,193.90. This trade represents a 72.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.20% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock opened at $7.01 on Friday. The business has a 50 day simple moving average of $6.96 and a two-hundred day simple moving average of $8.38. Armada Hoffler Properties, Inc. has a 12 month low of $6.10 and a 12 month high of $12.46. The stock has a market capitalization of $709.95 million, a P/E ratio of 87.60 and a beta of 1.11. The company has a debt-to-equity ratio of 2.03, a current ratio of 12.47 and a quick ratio of 12.47.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a net margin of 3.24% and a return on equity of 2.98%. The firm had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.18 million. As a group, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.99%. Armada Hoffler Properties’s payout ratio is currently 700.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AHH shares. Scotiabank lowered their price target on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 16th. Stifel Nicolaus lowered their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a research report on Thursday, May 8th.

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.