Pictet Asset Management Holding SA Buys 4,213 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Pictet Asset Management Holding SA increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,483 shares of the real estate investment trust’s stock after buying an additional 4,213 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Armada Hoffler Properties were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AHH. Victory Capital Management Inc. lifted its holdings in shares of Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 1,190 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 1,862 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Armada Hoffler Properties by 80.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 2,000 shares during the period. Yousif Capital Management LLC raised its stake in shares of Armada Hoffler Properties by 10.3% during the fourth quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 2,779 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Armada Hoffler Properties by 17.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,730 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $6.54 on Friday. The stock has a market cap of $662.13 million, a PE ratio of 20.42 and a beta of 0.89. The stock has a 50-day moving average of $8.33 and a 200-day moving average of $9.82. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. Armada Hoffler Properties, Inc. has a one year low of $6.10 and a one year high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 net margin of 5.99% and a return on equity of 5.96%. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 8.57%. Armada Hoffler Properties’s dividend payout ratio is presently 175.00%.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the transaction, the director now owns 69,430 shares of the company’s stock, valued at $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 90,954 shares of company stock worth $699,607 over the last ninety days. 11.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their target price 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 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.