Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. cut its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 85.5% in the 4th quarter, Holdings Channel reports. The firm owned 96,943 shares of the real estate investment trust’s stock after selling 570,818 shares during the period. Phocas Financial Corp.’s holdings in Armada Hoffler Properties were worth $992,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC increased its stake in Armada Hoffler Properties by 179.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 75,417 shares of the real estate investment trust’s stock worth $772,000 after purchasing an additional 48,447 shares in the last quarter. Amalgamated Bank increased its position in shares of Armada Hoffler Properties by 15.5% in the fourth quarter. Amalgamated Bank now owns 23,220 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 3,110 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Armada Hoffler Properties by 15.2% during the fourth quarter. Bank of New York Mellon Corp now owns 680,046 shares of the real estate investment trust’s stock valued at $6,957,000 after acquiring an additional 89,962 shares during the period. Principal Financial Group Inc. lifted its position in shares of Armada Hoffler Properties by 20.0% in the 4th quarter. Principal Financial Group Inc. now owns 424,956 shares of the real estate investment trust’s stock valued at $4,347,000 after acquiring an additional 70,930 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Armada Hoffler Properties by 74.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 282,631 shares of the real estate investment trust’s stock worth $2,891,000 after purchasing an additional 120,838 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Up 1.2 %

AHH stock opened at $9.02 on Wednesday. The company has a 50 day moving average of $9.77 and a two-hundred day moving average of $10.77. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 12-month low of $8.76 and a 12-month high of $12.46. The company has a market cap of $913.76 million, a price-to-earnings ratio of 28.17 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $66.67 million. On average, equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 256.26%.

Analyst Upgrades and Downgrades

AHH has been the topic of several recent analyst reports. Scotiabank began coverage on shares of Armada Hoffler Properties in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $11.00 target price on the stock. Stifel Nicolaus increased their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

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.