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Kirk A. Russell, a director at Armada Hoffler Properties, Inc. (NYSE:AHH), recently acquired 10,000 shares of the company’s common stock. The purchase took place on March 20, 2025, at a price of $7.70 per share, amounting to a total investment of $77,000. The stock, which currently trades at $7.90 and offers a notable 7.28% dividend yield, has experienced a significant decline of about 35% over the past six months. According to InvestingPro analysis, the stock appears slightly undervalued at current levels. Following this transaction, Russell’s direct ownership in the company increased to 69,430 shares.
In addition to his direct holdings, Russell also holds indirect interests through his spouse, who owns 49,320.62 shares, and through a limited partnership. This recent activity reflects Russell’s ongoing involvement and investment in Armada Hoffler Properties, a real estate firm based in Virginia Beach, Virginia.
In other recent news, Armada Hoffler Properties, Inc. has declared a regular quarterly cash dividend of $0.14 per common share, payable in early April 2025. Additionally, a dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock has been announced. These dividends reflect the company’s strategic focus on quality assets and a conservative balance sheet. Armada Hoffler has also expanded its Board of Directors by appointing Jennifer Boykin, a leader with a notable background in industrial transformations, to help navigate the dynamic real estate landscape. Furthermore, the company has amended its operating partnership agreement, introducing new terms for Performance LTIP Units, which are designed to vest based on performance conditions. Executive awards have been granted to Shawn J. Tibbetts and Matthew T. Barnes-Smith as part of this revamped agreement. These awards align leadership incentives with shareholder interests and company performance. These developments are part of Armada Hoffler’s ongoing strategy to enhance its operational and financial framework.
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