Foster & Motley Inc. Decreases Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Foster & Motley Inc. trimmed its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 56.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,828 shares of the real estate investment trust’s stock after selling 43,469 shares during the quarter. Foster & Motley Inc.’s holdings in Armada Hoffler Properties were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC boosted its position in shares of Armada Hoffler Properties by 40.6% during the third quarter. First Eagle Investment Management LLC now owns 814,806 shares of the real estate investment trust’s stock valued at $8,344,000 after buying an additional 235,474 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Armada Hoffler Properties by 94.6% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 346,559 shares of the real estate investment trust’s stock valued at $4,287,000 after acquiring an additional 168,426 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Armada Hoffler Properties by 11.8% during the third quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock valued at $11,663,000 after purchasing an additional 120,132 shares during the last quarter. Mesirow Institutional Investment Management Inc. lifted its position in Armada Hoffler Properties by 11.3% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 918,413 shares of the real estate investment trust’s stock valued at $9,405,000 after purchasing an additional 93,185 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Armada Hoffler Properties by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,427,358 shares of the real estate investment trust’s stock valued at $14,616,000 after purchasing an additional 77,025 shares during the period. Institutional investors own 66.35% of the company’s stock.

Insider Buying and Selling

In related news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $10.37 per share, with a total value of $46,665.00. Following the completion of the purchase, the director now directly owns 12,005 shares of the company’s stock, valued at $124,491.85. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 7,129 shares of company stock valued at $74,291. 11.70% of the stock is owned by company insiders.

Armada Hoffler Properties Price Performance

NYSE AHH opened at $10.54 on Thursday. The stock has a market capitalization of $931.08 million, a price-to-earnings ratio of -210.66 and a beta of 0.99. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. 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 business’s fifty day moving average price is $10.56 and its 200-day moving average price is $11.14.

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

Armada Hoffler Properties Increases Dividend

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

Armada Hoffler Properties 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.