Renaissance Technologies LLC Cuts Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Renaissance Technologies LLC decreased its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,263,409 shares of the real estate investment trust’s stock after selling 186,900 shares during the period. Renaissance Technologies LLC owned about 1.25% of Armada Hoffler Properties worth $12,925,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AHH. Sound Income Strategies LLC purchased a new position in shares of Armada Hoffler Properties in the 4th quarter valued at about $9,049,000. Vanguard Group Inc. increased its position in shares of Armada Hoffler Properties by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after buying an additional 829,392 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Armada Hoffler Properties by 15.3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock worth $20,824,000 after buying an additional 269,367 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth approximately $2,239,000. Finally, JPMorgan Chase & Co. lifted 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 valued at $8,197,000 after buying an additional 179,179 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank cut their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th.

Armada Hoffler Properties Trading Up 0.1 %

Shares of AHH opened at $6.91 on Wednesday. The firm’s fifty day moving average is $8.17 and its two-hundred day moving average is $9.73. The stock has a market cap of $699.61 million, a PE ratio of 21.58 and a beta of 0.89. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. 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 quarterly 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. The firm had revenue of $62.95 million for the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. Research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 8.11%. Armada Hoffler Properties’s payout ratio is 175.00%.

Insiders Place Their Bets

In other news, Director A Russell Kirk acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $7.70 per share, for a total transaction of $77,000.00. Following the completion of the transaction, the director now owns 69,430 shares in the company, valued at approximately $534,611. This trade represents a 16.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have purchased 90,954 shares of company stock valued at $699,607. Insiders own 11.90% 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.