DekaBank Deutsche Girozentrale Sells 3,263 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

DekaBank Deutsche Girozentrale lessened its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,949 shares of the real estate investment trust’s stock after selling 3,263 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Armada Hoffler Properties were worth $188,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Armada Hoffler Properties in the 1st quarter worth about $790,000. Bank of New York Mellon Corp grew its position in Armada Hoffler Properties by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 818,317 shares of the real estate investment trust’s stock worth $11,948,000 after acquiring an additional 41,561 shares in the last quarter. Bank of Montreal Can increased its stake in Armada Hoffler Properties by 299.2% during the first quarter. Bank of Montreal Can now owns 221,434 shares of the real estate investment trust’s stock worth $3,277,000 after acquiring an additional 165,964 shares during the last quarter. MetLife Investment Management LLC raised its position in Armada Hoffler Properties by 55.4% during the first quarter. MetLife Investment Management LLC now owns 32,480 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 11,581 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Armada Hoffler Properties by 6.7% in the 1st quarter. Rhumbline Advisers now owns 188,952 shares of the real estate investment trust’s stock valued at $2,759,000 after purchasing an additional 11,945 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of $10.37 per share, with a total value of $46,665.00. Following the purchase, the director now owns 12,005 shares of the company’s stock, valued at $124,491.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 7,129 shares of company stock worth $74,291 over the last 90 days. Company insiders own 11.70% of the company’s stock.

Armada Hoffler Properties Stock Performance

NYSE AHH opened at $10.07 on Wednesday. The business’s 50 day moving average price is $10.69 and its 200-day moving average price is $11.13. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The company has a market cap of $889.99 million, a P/E ratio of -201.36 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 9.55 and a current ratio of 9.55.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.59). Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The firm had revenue of $186.75 million during the quarter, compared to analysts’ expectations of $63.93 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 23.1% compared to the same quarter last year. Sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.24 earnings per share for the current year.

Armada Hoffler Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.205 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $0.82 annualized dividend and a yield of 8.14%. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -1,639.67%.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.