Raymond James Financial Services Advisors Inc. Has $705,000 Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 77.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 57,015 shares of the real estate investment trust’s stock after acquiring an additional 24,886 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.06% of Armada Hoffler Properties worth $705,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. State of Tennessee Treasury Department grew its holdings in shares of Armada Hoffler Properties by 1.8% in the 4th quarter. State of Tennessee Treasury Department now owns 45,928 shares of the real estate investment trust’s stock valued at $528,000 after buying an additional 813 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Armada Hoffler Properties by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,795 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 906 shares during the period. Advisor Partners II LLC grew its holdings in shares of Armada Hoffler Properties by 10.3% in the 4th quarter. Advisor Partners II LLC now owns 11,198 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,047 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Armada Hoffler Properties by 4.7% in the 4th quarter. Advisor Group Holdings Inc. now owns 24,420 shares of the real estate investment trust’s stock valued at $281,000 after buying an additional 1,098 shares during the period. Finally, Natixis Advisors L.P. grew its holdings in shares of Armada Hoffler Properties by 1.1% in the 2nd quarter. Natixis Advisors L.P. now owns 105,238 shares of the real estate investment trust’s stock valued at $1,229,000 after buying an additional 1,139 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of AHH stock opened at $10.07 on Wednesday. Armada Hoffler Properties, Inc. has a 12-month low of $9.81 and a 12-month high of $13.11. The firm has a market capitalization of $889.99 million, a price-to-earnings ratio of -201.36 and a beta of 0.99. The company has a quick ratio of 9.55, a current ratio of 9.55 and a debt-to-equity ratio of 2.35. The firm has a fifty day moving average of $10.69 and a 200-day moving average of $11.13.

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

Armada Hoffler Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a $0.205 dividend. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 8.14%. The ex-dividend date of this dividend was Tuesday, March 26th. Armada Hoffler Properties’s payout ratio is currently -1,639.67%.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $10.37 per share, with a total value of $46,665.00. Following the transaction, the director now owns 12,005 shares of the company’s stock, valued at approximately $124,491.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have purchased 7,129 shares of company stock valued at $74,291. 11.70% of the stock is owned by corporate insiders.

About Armada Hoffler Properties

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.