Wells Fargo & Company MN Boosts Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Wells Fargo & Company MN raised its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 15.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 131,516 shares of the real estate investment trust’s stock after buying an additional 17,340 shares during the period. Wells Fargo & Company MN’s holdings in Armada Hoffler Properties were worth $1,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. US Bancorp DE increased its stake in shares of 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 valued at $399,000 after buying an additional 38,595 shares during the period. JPMorgan Chase & Co. grew its holdings in Armada Hoffler Properties by 18.6% during 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 in the last quarter. Proficio Capital Partners LLC purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $202,000. Amundi raised its holdings in shares of Armada Hoffler Properties by 18.9% in the 4th quarter. Amundi now owns 41,642 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 6,615 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Armada Hoffler Properties by 73.9% in the 3rd quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 91,461 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $6.82 on Tuesday. The company has a market capitalization of $691.00 million, a PE ratio of 21.31 and a beta of 0.89. The company has a 50-day simple moving average of $7.67 and a two-hundred day simple moving average of $9.47. Armada Hoffler Properties, Inc. has a one year low of $6.10 and a one year high of $12.46. 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 (NYSE:AHH) last posted 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 analyst estimates of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors 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 annualized dividend and a yield of 8.21%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

Insider Buying and Selling

In related news, Director A Russell Kirk purchased 30,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were acquired at an average price of $7.64 per share, for a total transaction of $229,200.00. Following the purchase, the director now owns 49,430 shares of the company’s stock, valued at $377,645.20. This trade represents a 154.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 90,954 shares of company stock worth $699,607 in the last ninety days. 11.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Scotiabank reduced their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note 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.