SG Americas Securities LLC Takes $233,000 Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

SG Americas Securities LLC acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,532 shares of the real estate investment trust’s stock, valued at approximately $233,000.

Several other hedge funds have also recently made changes to their positions in AHH. Point72 DIFC Ltd purchased a new stake in Armada Hoffler Properties during the second quarter valued at approximately $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Armada Hoffler Properties during the second quarter valued at approximately $55,000. Quarry LP increased its holdings in Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 4,790 shares during the last quarter. ProShare Advisors LLC increased its holdings in 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 buying an additional 934 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in 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 buying an additional 9,339 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Daniel A. Hoffler bought 95,238 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the transaction, the director now owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of the stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the transaction, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is owned by company insiders.

Armada Hoffler Properties Stock Performance

AHH opened at $10.99 on Tuesday. 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 company has a 50 day simple moving average of $11.58 and a two-hundred day simple moving average of $11.29. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. The firm has a market cap of $975.73 million, a P/E ratio of 122.11 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.46%. Armada Hoffler Properties’s dividend payout ratio is 911.11%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AHH. Stifel Nicolaus dropped their price target on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a research report on Friday, September 27th. StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.00 to $11.00 in a research report on Monday, July 15th.

About Armada Hoffler Properties

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.