Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Purchases 50,000 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director A Russell Kirk bought 50,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were acquired at an average price of $7.73 per share, with a total value of $386,500.00. Following the transaction, the director now directly owns 119,430 shares of the company’s stock, valued at approximately $923,193.90. This trade represents a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, March 20th, A Russell Kirk acquired 10,000 shares of Armada Hoffler Properties stock. The stock was acquired at an average price of $7.70 per share, with a total value of $77,000.00.
• On Monday, March 17th, A Russell Kirk bought 30,000 shares of Armada Hoffler Properties stock. The shares were bought at an average price of $7.64 per share, for a total transaction of $229,200.00.

Armada Hoffler Properties Price Performance

AHH traded down $0.04 on Thursday, reaching $7.52. The company had a trading volume of 1,681,594 shares, compared to its average volume of 888,135. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. Armada Hoffler Properties, Inc. has a 52-week low of $7.47 and a 52-week high of $12.46. The company has a market cap of $761.42 million, a price-to-earnings ratio of 23.49 and a beta of 1.04. The business has a 50 day simple moving average of $9.07 and a 200 day simple moving average of $10.26.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. As a group, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS 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. Investors of record on Wednesday, March 26th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is presently 175.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AHH. Steward Partners Investment Advisory LLC boosted its holdings in Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,000 shares during the period. Summit Investment Advisors Inc. lifted its position 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 valued at $84,000 after purchasing an additional 1,551 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Armada Hoffler Properties during the fourth quarter valued at approximately $107,000. Caisse Des Depots ET Consignations purchased a new position in shares of Armada Hoffler Properties in the fourth quarter valued at about $110,000. Finally, Quantinno Capital Management LP purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $115,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank decreased their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

Armada Hoffler Properties Company 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.