Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 218,757 shares of the real estate investment trust’s stock after selling 7,853 shares during the period. Rhumbline Advisers owned 0.25% of Armada Hoffler Properties worth $2,426,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AHH. Quadrant Capital Group LLC raised its holdings in shares of Armada Hoffler Properties by 224.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,853 shares during the period. ProShare Advisors LLC raised its holdings in shares of Armada Hoffler Properties by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 934 shares during the period. Cetera Advisors LLC raised its holdings in shares of Armada Hoffler Properties by 15.0% in the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,872 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Armada Hoffler Properties in the 1st quarter worth about $167,000. Finally, Naviter Wealth LLC purchased a new position in shares of Armada Hoffler Properties in the 1st quarter worth about $206,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

Shares of NYSE:AHH opened at $12.08 on Thursday. The company has a market cap of $1.07 billion, a P/E ratio of 134.22 and a beta of 1.04. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. Armada Hoffler Properties, Inc. has a one year low of $9.81 and a one year high of $13.11. The business’s 50-day simple moving average is $11.79 and its 200 day simple moving average is $11.16.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th will be issued a dividend of $0.205 per share. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 6.79%. Armada Hoffler Properties’s payout ratio is currently 911.11%.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the acquisition, the director now owns 21,486 shares in the company, valued at approximately $238,279.74. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their price objective for the stock from $13.00 to $11.00 in a report on Monday, July 15th. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus assumed coverage on Armada Hoffler Properties in a report on Monday, July 15th. They issued a “buy” rating and a $12.75 price objective on the stock.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.