Teacher Retirement System of Texas Takes Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Teacher Retirement System of Texas purchased a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 61,164 shares of the real estate investment trust’s stock, valued at approximately $626,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHH. Geode Capital Management LLC boosted its position in Armada Hoffler Properties by 3.3% in the 3rd 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 buying an additional 56,777 shares during the last quarter. US Bancorp DE lifted its stake in shares of Armada Hoffler Properties by 9,145.7% in the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 38,595 shares in the last quarter. FMR LLC lifted its stake in shares of Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after acquiring an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Armada Hoffler Properties by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after purchasing an additional 97,642 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Armada Hoffler Properties during the 4th quarter valued at approximately $202,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank cut their target price on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th.

Insiders Place Their Bets

In related news, Director A Russell Kirk bought 30,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the purchase, the director now directly owns 49,430 shares in the company, valued at approximately $377,645.20. The trade was a 154.40 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have acquired 90,383 shares of company stock valued at $696,607. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $7.47 on Monday. 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, Inc. has a 1 year low of $7.37 and a 1 year high of $12.46. The firm’s 50-day simple moving average is $8.97 and its 200-day simple moving average is $10.19. The firm has a market cap of $756.35 million, a PE ratio of 23.33 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. The firm 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 forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share 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. Shareholders of record on Wednesday, March 26th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 annualized dividend and a yield of 7.50%. Armada Hoffler Properties’s payout ratio is 175.00%.

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.