Van ECK Associates Corp Purchases 3,530 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Van ECK Associates Corp lifted its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,933 shares of the real estate investment trust’s stock after purchasing an additional 3,530 shares during the period. Van ECK Associates Corp’s holdings in Armada Hoffler Properties were worth $153,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AHH. Vision Capital Corp purchased a new stake in shares of Armada Hoffler Properties during the 3rd quarter worth approximately $11,913,000. Sound Income Strategies LLC purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter worth approximately $9,049,000. Franklin Resources Inc. increased its stake in shares of Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after purchasing an additional 158,625 shares during the last quarter. FMR LLC increased its stake in shares of Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after purchasing an additional 140,964 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of Armada Hoffler Properties by 516.8% during the 3rd quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust’s stock worth $1,586,000 after purchasing an additional 122,701 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AHH. 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 price target for the company. Stifel Nicolaus raised their price target 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.

Armada Hoffler Properties Stock Down 1.0 %

Armada Hoffler Properties stock opened at $8.93 on Monday. Armada Hoffler Properties, Inc. has a 1-year low of $8.76 and a 1-year high of $12.46. The firm has a market capitalization of $905.25 million, a price-to-earnings ratio of 27.91 and a beta of 1.03. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The firm has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $10.80.

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 for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The business had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. On average, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.18%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 256.25%.

Insider Activity

In other news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.90% of the company’s stock.

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.