Armada Hoffler Properties, Inc. (NYSE:AHH) Position Increased by HGI Capital Management LLC

HGI Capital Management LLC raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 44.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 250,000 shares of the real estate investment trust’s stock after purchasing an additional 76,919 shares during the quarter. Armada Hoffler Properties accounts for about 2.4% of HGI Capital Management LLC’s portfolio, making the stock its 16th largest holding. HGI Capital Management LLC’s holdings in Armada Hoffler Properties were worth $2,708,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Armada Hoffler Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after buying an additional 65,300 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Armada Hoffler Properties in the 2nd quarter worth approximately $619,000. Quest Partners LLC boosted its stake in Armada Hoffler Properties by 378.6% in the 3rd quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 48,891 shares during the period. Algert Global LLC boosted its stake in Armada Hoffler Properties by 858.2% in the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock worth $1,561,000 after purchasing an additional 126,051 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Armada Hoffler Properties in the 3rd quarter worth approximately $1,156,000. 66.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Armada Hoffler Properties Trading Down 0.5 %

Shares of NYSE:AHH opened at $11.09 on Friday. The firm has a fifty day moving average of $11.09 and a two-hundred day moving average of $11.36. The firm has a market capitalization of $1.12 billion, a P/E ratio of -52.81 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 12-month low of $10.02 and a 12-month high of $13.11. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $0.31 EPS. On average, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.205 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.39%. Armada Hoffler Properties’s dividend payout ratio is currently -390.46%.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel A. Hoffler purchased 95,238 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the acquisition, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. This represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.

Armada Hoffler Properties Company 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.