Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC decreased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 577,342 shares of the real estate investment trust’s stock after selling 42,828 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Armada Hoffler Properties were worth $5,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AHH. Steward Partners Investment Advisory LLC raised its holdings in shares of Armada Hoffler Properties by 80.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 2,000 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,551 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at approximately $107,000. Caisse Des Depots ET Consignations purchased a new stake in Armada Hoffler Properties during the 4th quarter valued at approximately $110,000. Finally, Quantinno Capital Management LP acquired a new stake in Armada Hoffler Properties during the 4th quarter worth approximately $115,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insiders Place Their Bets

In related news, Director A Russell Kirk acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were purchased at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the acquisition, the director now owns 69,430 shares in the company, valued at approximately $534,611. This represents a 16.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders acquired 90,954 shares of company stock worth $699,607. 10.20% of the stock is owned by corporate insiders.

Armada Hoffler Properties Trading Up 1.4%

NYSE AHH opened at $7.41 on Monday. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $750.78 million, a P/E ratio of 23.16 and a beta of 1.09. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.46. The firm has a 50-day moving average price of $7.12 and a 200 day moving average price of $9.07.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.18 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date of this dividend was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio is presently 700.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AHH shares. Stifel Nicolaus dropped their target price on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Scotiabank lowered their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 16th.

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.