Invesco Ltd. Buys 24,026 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Invesco Ltd. raised its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,262,039 shares of the real estate investment trust’s stock after buying an additional 24,026 shares during the quarter. Invesco Ltd.’s holdings in Armada Hoffler Properties were worth $12,911,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AHH. Geode Capital Management LLC increased its holdings in 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 worth $19,127,000 after acquiring an additional 56,777 shares during the period. US Bancorp DE grew its position in Armada Hoffler Properties by 9,145.7% during the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 38,595 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Armada Hoffler Properties by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock worth $6,737,000 after acquiring an additional 97,642 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at about $202,000. Finally, Amundi boosted its position in shares of Armada Hoffler Properties by 18.9% during the 4th quarter. Amundi now owns 41,642 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 6,615 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Insider Transactions at Armada Hoffler Properties

In other news, Director A Russell Kirk bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $7.70 per share, with a total value of $77,000.00. Following the completion of the purchase, the director now directly owns 69,430 shares in the company, valued at $534,611. This represents a 16.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have purchased 90,954 shares of company stock worth $699,607. Company insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 16th.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock opened at $6.75 on Tuesday. The firm has a market capitalization of $683.91 million, a PE ratio of 21.09 and a beta of 0.89. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 12 month low of $6.10 and a 12 month high of $12.46. The business’s 50-day moving average price is $7.93 and its 200-day moving average price is $9.61.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results 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. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.30%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 175.00%.

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.