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Following this acquisition, Russell now directly owns 119,430 shares in the company. Additionally, he holds indirect ownership of 49,320.62 shares through his spouse, and 1,235,394 shares in common units through various derivative holdings. InvestingPro analysis reveals 12 additional investment tips for AHH, including insights on financial health and growth potential. This purchase reflects a continued investment in Armada Hoffler Properties (NYSE:AHH), a real estate company based in Virginia Beach, Virginia.
Following this acquisition, Russell now directly owns 119,430 shares in the company. Additionally, he holds indirect ownership of 49,320.62 shares through his spouse, and 1,235,394 shares in common units through various derivative holdings. InvestingPro analysis reveals 12 additional investment tips for AHH, including insights on financial health and growth potential. This purchase reflects a continued investment in Armada Hoffler Properties, a real estate company based in Virginia Beach, Virginia.
In other recent news, Armada Hoffler Properties, Inc. announced quarterly dividends for its shareholders. The company declared a regular quarterly cash dividend of $0.14 per common share, payable in early April 2025, and a cash dividend on its Series A Preferred Stock. In strategic developments, Armada Hoffler has amended its operating partnership agreement, introducing Performance LTIP Units that vest based on performance conditions, which can convert into Common Units. The company’s Compensation Committee granted Time-Based and Performance LTIP Units to executives Shawn J. Tibbetts and Matthew T. Barnes-Smith, aligning leadership incentives with shareholder interests.
Additionally, Armada Hoffler has expanded its Board of Directors by appointing Jennifer Boykin, an industry veteran known for her transformative leadership at Huntington Ingalls (NYSE:HII) Industries. Her experience in digital shipbuilding and major contract negotiations is expected to guide the company through the industry’s dynamic landscape. These recent developments reflect Armada Hoffler’s strategic focus on quality assets and a conservative balance sheet, as emphasized by CEO Shawn Tibbetts. The company remains open to investor meetings, facilitated by Chelsea Forrest, VP of Corporate Communications and Investor Relations.
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