Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 17.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,230 shares of the real estate investment trust’s stock after acquiring an additional 3,958 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Armada Hoffler Properties were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AHH. Vision Capital Corp bought a new stake in shares of Armada Hoffler Properties in the 3rd quarter worth $11,913,000. Sound Income Strategies LLC bought a new stake in shares of Armada Hoffler Properties in the 4th quarter worth $9,049,000. Raymond James Financial Inc. bought a new stake in shares of Armada Hoffler Properties in the 4th quarter worth $2,239,000. Franklin Resources Inc. raised its stake in shares of Armada Hoffler Properties by 8.9% in 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 buying an additional 158,625 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after buying an additional 140,964 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

Armada Hoffler Properties Stock Down 1.4 %

Shares of Armada Hoffler Properties stock opened at $7.59 on Monday. The stock’s fifty day moving average is $9.39 and its 200-day moving average is $10.49. The firm has a market capitalization of $768.61 million, a PE ratio of 23.71 and a beta of 1.04. 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 12-month low of $7.56 and a 12-month high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last announced its 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. The company had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.38%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s payout ratio is 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.