Mutual of America Capital Management LLC Has $123,000 Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Mutual of America Capital Management LLC boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 18.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,071 shares of the real estate investment trust’s stock after purchasing an additional 1,862 shares during the period. Mutual of America Capital Management LLC’s holdings in Armada Hoffler Properties were worth $123,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Armada Hoffler Properties by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,251 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Armada Hoffler Properties by 1.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock valued at $1,053,000 after purchasing an additional 1,642 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at approximately $292,000. Versor Investments LP acquired a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at approximately $108,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Armada Hoffler Properties in the 3rd quarter valued at approximately $1,156,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Down 1.6 %

Shares of NYSE:AHH opened at $8.92 on Tuesday. The business’s 50 day simple moving average is $9.55 and its two-hundred day simple moving average is $10.61. The firm has a market cap of $903.62 million, a P/E ratio of 27.86 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. Armada Hoffler Properties, Inc. has a 52-week low of $8.69 and a 52-week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The firm had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm 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. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s payout ratio is 256.25%.

Analyst Ratings Changes

Separately, Scotiabank dropped their price objective on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Friday, February 28th.

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.