New York State Common Retirement Fund Sells 17,400 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

New York State Common Retirement Fund decreased its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,517 shares of the real estate investment trust’s stock after selling 17,400 shares during the quarter. New York State Common Retirement Fund’s holdings in Armada Hoffler Properties were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position 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 valued at $25,313,000 after purchasing an additional 140,964 shares during the last quarter. Franklin Resources Inc. increased its position 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 valued at $20,989,000 after purchasing an additional 158,625 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Armada Hoffler Properties by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after purchasing an additional 56,777 shares during the last quarter. Vision Capital Corp bought a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at approximately $11,913,000. Finally, Sound Income Strategies LLC bought a new position in shares of Armada Hoffler Properties during the 4th quarter valued at approximately $9,049,000. Institutional investors own 66.35% of the company’s stock.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 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, with a total value of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AHH has been the topic of several analyst reports. 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. Stifel Nicolaus boosted their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Price Performance

AHH opened at $9.13 on Tuesday. Armada Hoffler Properties, Inc. has a 12-month low of $8.76 and a 12-month high of $12.46. 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 business’s fifty day simple moving average is $9.68 and its 200-day simple moving average is $10.71. The company has a market capitalization of $925.42 million, a price-to-earnings ratio of 28.53 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (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 the consensus estimate of $66.67 million. On average, equities research 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 business also recently disclosed 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. This represents a $0.82 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties’s payout ratio is currently 256.25%.

About Armada Hoffler Properties

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.