Renaissance Technologies LLC Sells 143,300 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Renaissance Technologies LLC cut its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 8.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,534,609 shares of the real estate investment trust’s stock after selling 143,300 shares during the quarter. Renaissance Technologies LLC owned 1.73% of Armada Hoffler Properties worth $17,019,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Armada Hoffler Properties by 224.3% in 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 in the last quarter. Quest Partners LLC grew its holdings in shares of Armada Hoffler Properties by 261.2% in the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 9,339 shares during the period. ProShare Advisors LLC increased its position 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 valued at $141,000 after buying an additional 934 shares in the last quarter. Cetera Advisors LLC raised its stake in Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 1,872 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Armada Hoffler Properties during the first quarter worth about $167,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Down 2.9 %

AHH stock opened at $11.90 on Friday. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The stock has a market capitalization of $1.06 billion, a P/E ratio of 132.22 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The business has a 50-day moving average of $11.83 and a 200-day moving average of $11.19.

Armada Hoffler Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AHH shares. Stifel Nicolaus started coverage on Armada Hoffler Properties in a report on Monday, July 15th. They issued a “buy” rating and a $12.75 price target for the company. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.00 to $11.00 in a report on Monday, July 15th. Finally, StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th.

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.