Caisse Des Depots ET Consignations Takes Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Caisse Des Depots ET Consignations bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the fourth quarter, Holdings Channel.com reports. The fund bought 10,730 shares of the real estate investment trust’s stock, valued at approximately $110,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased 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 valued at $46,000 after purchasing an additional 2,000 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in Armada Hoffler Properties in the fourth quarter valued at $107,000. Inspire Advisors LLC acquired a new stake in Armada Hoffler Properties in the fourth quarter valued at $122,000. Mutual of America Capital Management LLC lifted its holdings in Armada Hoffler Properties by 18.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 1,862 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Armada Hoffler Properties by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of NYSE:AHH opened at $7.52 on Friday. Armada Hoffler Properties, Inc. has a 12 month low of $7.47 and a 12 month high of $12.46. The firm has a market capitalization of $761.42 million, a P/E ratio of 23.49 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The company’s fifty day moving average price is $9.02 and its 200 day moving average price is $10.24.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping 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 business had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. As a group, sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is currently 175.00%.

Analysts Set New Price Targets

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

Insider Activity

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 50,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 25th. The stock was purchased at an average price of $7.73 per share, for a total transaction of $386,500.00. Following the transaction, the director now directly 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 document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 90,383 shares of company stock valued at $696,607. 11.90% of the stock is currently owned by company insiders.

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.