Price T Rowe Associates Inc. MD Sells 10,751 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Price T Rowe Associates Inc. MD reduced its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,586 shares of the real estate investment trust’s stock after selling 10,751 shares during the period. Price T Rowe Associates Inc. MD owned about 0.13% of Armada Hoffler Properties worth $1,357,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Armada Hoffler Properties by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after purchasing an additional 829,392 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Armada Hoffler Properties by 9.0% in the 4th quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust’s stock valued at $21,542,000 after acquiring an additional 173,149 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Armada Hoffler Properties by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after acquiring an additional 269,367 shares during the period. Mesirow Institutional Investment Management Inc. grew its position in Armada Hoffler Properties by 8.4% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,294,579 shares of the real estate investment trust’s stock worth $13,244,000 after acquiring an additional 100,660 shares during the last quarter. Finally, Invesco Ltd. grew its position in Armada Hoffler Properties by 1.9% during the 4th quarter. Invesco Ltd. now owns 1,262,039 shares of the real estate investment trust’s stock worth $12,911,000 after acquiring an additional 24,026 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director A Russell Kirk bought 10,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the purchase, the director now owns 69,430 shares of the company’s stock, valued at approximately $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders bought 90,954 shares of company stock worth $699,607. 11.90% of the stock is owned by corporate insiders.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $6.88 on Friday. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46. The stock has a market cap of $697.08 million, a P/E ratio of 21.50 and a beta of 1.09. The firm’s fifty day simple moving average is $7.28 and its 200 day simple moving average is $9.23.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The company had revenue of $63.80 million for the quarter, compared to analysts’ expectations of $63.18 million. As a group, research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were issued a $0.14 dividend. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 8.14%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating for the company in a research note on Thursday. Scotiabank cut their price target on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 16th.

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.