State of Alaska Department of Revenue Boosts Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

State of Alaska Department of Revenue grew its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 17.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,040 shares of the real estate investment trust’s stock after buying an additional 12,290 shares during the period. State of Alaska Department of Revenue owned 0.08% of Armada Hoffler Properties worth $848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in shares of Armada Hoffler Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,251 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 1,316 shares during the last quarter. abrdn plc raised its holdings in shares of Armada Hoffler Properties by 10.5% in the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 1,322 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Armada Hoffler Properties by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock worth $1,053,000 after buying an additional 1,642 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,962 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Scotiabank assumed coverage on shares of Armada Hoffler Properties in a research note on Tuesday, January 28th. They issued a “sector perform” rating and a $11.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Stock Up 0.5 %

NYSE:AHH opened at $9.64 on Friday. The firm has a market capitalization of $976.60 million, a P/E ratio of -45.88 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The company’s fifty day moving average price is $10.04 and its 200-day moving average price is $10.92. Armada Hoffler Properties, Inc. has a 1-year low of $9.26 and a 1-year high of $12.46.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a yield of 8.51%. Armada Hoffler Properties’s dividend payout ratio is presently -390.46%.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now owns 31,649 shares in the company, valued at $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 11.90% of the stock is 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.