Albert D Mason Inc. Increases Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Albert D Mason Inc. increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 43.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,974 shares of the real estate investment trust’s stock after purchasing an additional 55,012 shares during the period. Armada Hoffler Properties makes up 1.2% of Albert D Mason Inc.’s investment portfolio, making the stock its 21st largest holding. Albert D Mason Inc.’s holdings in Armada Hoffler Properties were worth $1,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Adams Asset Advisors LLC grew its position in Armada Hoffler Properties by 37.0% in the 4th quarter. Adams Asset Advisors LLC now owns 195,080 shares of the real estate investment trust’s stock worth $1,996,000 after purchasing an additional 52,681 shares during the period. Sterneck Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 15.9% in the 4th quarter. Sterneck Capital Management LLC now owns 91,310 shares of the real estate investment trust’s stock worth $934,000 after buying an additional 12,550 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 buying an additional 97,642 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Armada Hoffler Properties by 8.9% in the third quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after acquiring an additional 158,625 shares during the period. Finally, Geode Capital Management LLC increased its position in 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 during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock opened at $9.77 on Friday. The stock has a market cap of $990.59 million, a P/E ratio of -46.54 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The stock’s fifty day moving average is $10.54 and its 200 day moving average is $11.15. Armada Hoffler Properties, Inc. has a one year low of $9.26 and a one year high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were given a $0.205 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.39%. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

AHH has been the topic of several research reports. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus raised their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

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.