Knights of Columbus Asset Advisors LLC Increases Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Knights of Columbus Asset Advisors LLC boosted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 94.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 346,559 shares of the real estate investment trust’s stock after acquiring an additional 168,426 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Armada Hoffler Properties were worth $4,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in AHH. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Armada Hoffler Properties by 17.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,138 shares of the real estate investment trust’s stock valued at $360,000 after purchasing an additional 5,231 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Armada Hoffler Properties by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,427,358 shares of the real estate investment trust’s stock valued at $14,616,000 after purchasing an additional 77,025 shares in the last quarter. Invesco Ltd. lifted its holdings in Armada Hoffler Properties by 11.8% in the 3rd quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock valued at $11,663,000 after purchasing an additional 120,132 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Armada Hoffler Properties by 323.6% in the 3rd quarter. SG Americas Securities LLC now owns 44,897 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 34,298 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in Armada Hoffler Properties by 14.5% in the 3rd quarter. Penserra Capital Management LLC now owns 42,362 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 5,353 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $10.37 per share, for a total transaction of $46,665.00. Following the acquisition, the director now directly owns 12,005 shares in the company, valued at approximately $124,491.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 7,129 shares of company stock worth $74,291 in the last three months. Company insiders own 11.70% of the company’s stock.

Armada Hoffler Properties Price Performance

NYSE:AHH opened at $10.50 on Friday. The firm has a market cap of $927.99 million, a price-to-earnings ratio of -209.96 and a beta of 0.99. Armada Hoffler Properties, Inc. has a 12-month low of $9.81 and a 12-month high of $13.11. The company has a current ratio of 9.55, a quick ratio of 9.55 and a debt-to-equity ratio of 2.35. The company’s 50-day moving average is $10.59 and its two-hundred day moving average is $11.12.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data 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). The company had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $63.93 million. Armada Hoffler Properties had a return on equity of 1.09% and a net margin of 1.12%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share. Research analysts expect that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current year.

Armada Hoffler Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.205 per share. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 7.81%. The ex-dividend date was Tuesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is presently -1,639.67%.

Armada Hoffler Properties 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.