Exchange Traded Concepts LLC Purchases Shares of 89,463 Armada Hoffler Properties, Inc. (NYSE:AHH)

Exchange Traded Concepts LLC purchased a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 89,463 shares of the real estate investment trust’s stock, valued at approximately $672,000.

Several other large investors have also recently added to or reduced their stakes in AHH. Vanguard Group Inc. raised its holdings in Armada Hoffler Properties by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after acquiring an additional 829,392 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Armada Hoffler Properties by 118.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock valued at $13,453,000 after acquiring an additional 713,010 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Armada Hoffler Properties by 58.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust’s stock valued at $10,518,000 after acquiring an additional 515,999 shares in the last quarter. Geode Capital Management LLC raised its holdings in Armada Hoffler Properties by 15.3% in the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after acquiring an additional 269,367 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Armada Hoffler Properties by 35.6% in the 4th quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust’s stock valued at $9,496,000 after acquiring an additional 243,541 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 1.0%

NYSE AHH opened at $7.01 on Friday. The firm has a market cap of $709.95 million, a PE ratio of 87.60 and a beta of 1.11. Armada Hoffler Properties, Inc. has a one year low of $6.10 and a one year high of $12.46. The stock’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $8.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 12.47 and a quick ratio of 12.47.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $63.80 million for the quarter, compared to the consensus estimate of $63.18 million. Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. As a group, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 7.99%. Armada Hoffler Properties’s payout ratio is 700.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank lowered their price objective on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus lowered their price objective on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director A Russell Kirk purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were bought at an average price of $7.73 per share, with a total value of $386,500.00. Following the purchase, the director now directly owns 119,430 shares in the company, valued at $923,193.90. This trade represents a 72.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 10.20% of the company’s stock.

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.