Daiwa Securities Group Inc. raised its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH – Free Report) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 22,272 shares of the real estate investment trust’s stock after acquiring an additional 1,316 shares during the period. Daiwa Securities Group Inc.’s holdings in Armada Hoffler Properties were worth $241,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in shares of Armada Hoffler Properties in the second quarter valued at $46,000. KBC Group NV boosted its stake in Armada Hoffler Properties by 66.0% in the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Armada Hoffler Properties in the 2nd quarter valued at about $55,000. Quarry LP increased its stake in shares of Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 4,790 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of Armada Hoffler Properties during the 3rd quarter worth about $108,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.
Insider Buying and Selling
In related news, Director Daniel A. Hoffler bought 95,238 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of $10.50 per share, with a total value 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 approximately $2,799,793.50. This represents a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This represents a 19.87 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by corporate insiders.
Armada Hoffler Properties Stock Performance
Armada Hoffler Properties (NYSE:AHH – Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. During the same quarter in the previous year, the business posted $0.31 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.
Armada Hoffler Properties Announces Dividend
The firm also recently declared 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 yield of 7.42%. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.46%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on AHH shares. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th.
Check Out Our Latest Analysis on AHH
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.
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