Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,166,090 shares of the real estate investment trust’s stock after purchasing an additional 98,829 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Armada Hoffler Properties were worth $11,929,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its holdings in Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 1,316 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Armada Hoffler Properties by 18.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 1,862 shares during the period. KBC Group NV increased its holdings in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,962 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Armada Hoffler Properties by 80.0% in 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. Finally, Yousif Capital Management LLC boosted its holdings in Armada Hoffler Properties by 10.3% in the fourth quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 2,779 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insider Transactions at Armada Hoffler Properties

In other news, Director A Russell Kirk bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of $7.64 per share, with a total value of $229,200.00. Following the completion of the acquisition, the director now directly owns 49,430 shares in the company, valued at approximately $377,645.20. This trade represents a 154.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of AHH stock opened at $7.69 on Friday. The firm has a market cap of $778.64 million, a P/E ratio of 24.02 and a beta of 1.04. The firm has a fifty day moving average of $9.18 and a two-hundred day moving average of $10.36. 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 1-year low of $7.47 and a 1-year high of $12.46.

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 analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The business had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. As a group, research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 7.29%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced 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 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.