Sterneck Capital Management LLC Grows Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Sterneck Capital Management LLC lifted its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,310 shares of the real estate investment trust’s stock after purchasing an additional 12,550 shares during the quarter. Sterneck Capital Management LLC owned about 0.09% of Armada Hoffler Properties worth $934,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Armada Hoffler Properties in the 2nd quarter worth about $46,000. KBC Group NV grew its holdings in shares of Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Armada Hoffler Properties in the second quarter worth approximately $55,000. Quarry LP raised its stake in Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Armada Hoffler Properties in the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $9.92 on Wednesday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -47.24 and a beta of 1.03. The business has a 50 day moving average of $10.75 and a 200 day moving average of $11.22. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $12.60.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The business had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were paid a dividend of $0.205 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.27%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -390.48%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AHH shares. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus upped their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

Armada Hoffler Properties 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.