Raymond James Financial Inc. Purchases New Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Raymond James Financial Inc. purchased a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 218,888 shares of the real estate investment trust’s stock, valued at approximately $2,239,000.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Armada Hoffler Properties by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after acquiring an additional 56,777 shares in the last quarter. US Bancorp DE raised its holdings in Armada Hoffler Properties by 9,145.7% in the 4th quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after purchasing an additional 38,595 shares in the last quarter. FMR LLC raised its holdings in 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 purchasing an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Armada Hoffler Properties by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock worth $6,737,000 after purchasing an additional 97,642 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at about $202,000. Institutional investors own 66.35% of the company’s stock.

Insider Activity

In related news, Director A Russell Kirk purchased 50,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the completion of the acquisition, the director now directly owns 119,430 shares of the company’s stock, valued at $923,193.90. The trade was a 72.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 90,383 shares of company stock worth $696,607. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank decreased their price target on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th.

Armada Hoffler Properties Price Performance

Shares of AHH stock opened at $7.47 on Monday. The business’s fifty day moving average is $8.97 and its 200 day moving average is $10.19. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The stock has a market cap of $756.35 million, a price-to-earnings ratio of 23.33 and a beta of 1.04. Armada Hoffler Properties, Inc. has a twelve month low of $7.37 and a twelve month high of $12.46.

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 for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. 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 will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 7.50%. Armada Hoffler Properties’s payout ratio is 175.00%.

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.