Quantbot Technologies LP Invests $255,000 in Armada Hoffler Properties, Inc. (NYSE:AHH)

Quantbot Technologies LP bought a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,894 shares of the real estate investment trust’s stock, valued at approximately $255,000.

A number of other large investors have also recently made changes to their positions in AHH. Victory Capital Management Inc. increased its position in 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 worth $142,000 after buying an additional 1,190 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Armada Hoffler Properties by 6.3% during the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,316 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Armada Hoffler Properties by 18.2% in 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 acquiring an additional 1,862 shares during the period. Steward Partners Investment Advisory LLC raised its position in 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 valued at $46,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in Armada Hoffler Properties by 10.3% during the 4th quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 2,779 shares during the period. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Price Performance

Armada Hoffler Properties stock opened at $7.47 on Friday. The stock has a market capitalization of $756.35 million, a PE ratio of 23.33 and a beta of 1.04. 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 12 month low of $7.37 and a 12 month high of $12.46. The business has a 50 day simple moving average of $8.97 and a 200-day simple moving average of $10.20.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) 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 analysts’ expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business 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 $0.14 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.50%. Armada Hoffler Properties’s dividend payout ratio is presently 175.00%.

Analysts Set New Price Targets

Separately, Scotiabank reduced 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.

Insider Activity at Armada Hoffler Properties

In related news, Director A Russell Kirk bought 10,000 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. This represents a 16.83 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 90,383 shares of company stock worth $696,607 over the last 90 days. Company insiders own 11.90% of the company’s stock.

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.