Nebula Research & Development LLC Sells 5,438 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Nebula Research & Development LLC decreased its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,488 shares of the real estate investment trust’s stock after selling 5,438 shares during the quarter. Nebula Research & Development LLC’s holdings in Armada Hoffler Properties were worth $813,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Sound Income Strategies LLC acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth about $9,049,000. Vanguard Group Inc. raised its holdings in Armada Hoffler Properties by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after acquiring an additional 829,392 shares in the last quarter. Geode Capital Management LLC boosted its position in Armada Hoffler Properties by 15.3% during the fourth 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 purchasing an additional 269,367 shares during the last quarter. Raymond James Financial Inc. bought a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $2,239,000. Finally, JPMorgan Chase & Co. increased its position in shares of Armada Hoffler Properties by 28.8% during the 4th quarter. JPMorgan Chase & Co. now owns 801,274 shares of the real estate investment trust’s stock worth $8,197,000 after purchasing an additional 179,179 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank decreased their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 16th.

Armada Hoffler Properties Trading Down 1.0 %

Armada Hoffler Properties stock opened at $6.72 on Monday. The stock has a 50-day simple moving average of $7.72 and a 200 day simple moving average of $9.49. The stock has a market capitalization of $680.36 million, a P/E ratio of 20.99 and a beta of 0.89. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The business had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.34%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is presently 175.00%.

Insider Buying and Selling

In related news, Director A Russell Kirk acquired 30,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was purchased at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the completion of the transaction, the director now directly owns 49,430 shares of the company’s stock, valued at approximately $377,645.20. The trade was a 154.40 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders purchased 90,954 shares of company stock valued at $699,607. Company insiders own 11.90% of the company’s stock.

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.