Inspire Investing LLC Has $355,000 Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Inspire Investing LLC decreased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,007 shares of the real estate investment trust’s stock after selling 2,558 shares during the period. Inspire Investing LLC’s holdings in Armada Hoffler Properties were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in shares of Armada Hoffler Properties by 224.3% during the fourth quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,853 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Armada Hoffler Properties by 7.4% during the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 934 shares during the last quarter. Quest Partners LLC grew its stake in shares of Armada Hoffler Properties by 261.2% during the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 9,339 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of Armada Hoffler Properties by 15.0% during the first quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 1,872 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Armada Hoffler Properties during the first quarter valued at approximately $167,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AHH. Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $13.00 to $11.00 in a research note on Monday, July 15th. StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus initiated coverage on shares of Armada Hoffler Properties in a research note on Monday, July 15th. They issued a “buy” rating and a $12.75 price objective on the stock.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of $11.09 per share, with a total value of $49,905.00. Following the completion of the transaction, the director now directly owns 21,486 shares in the company, valued at approximately $238,279.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of AHH stock opened at $11.90 on Friday. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11. The stock has a market cap of $1.06 billion, a PE ratio of 132.22 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. The firm’s 50 day moving average price is $11.83 and its two-hundred day moving average price is $11.19.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be paid a $0.205 dividend. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 6.89%. Armada Hoffler Properties’s payout ratio is presently 911.11%.

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.