Armada Hoffler Properties, Inc. (NYSE:AHH) Position Increased by Intech Investment Management LLC

Intech Investment Management LLC raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 130.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,191 shares of the real estate investment trust’s stock after purchasing an additional 19,925 shares during the period. Intech Investment Management LLC’s holdings in Armada Hoffler Properties were worth $381,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AHH. Vanguard Group Inc. increased its stake in Armada Hoffler Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after purchasing an additional 65,300 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Armada Hoffler Properties by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 90,142 shares of the real estate investment trust’s stock valued at $938,000 after purchasing an additional 6,158 shares during the last quarter. Cetera Advisors LLC increased its stake in 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. Wealth Enhancement Advisory Services LLC increased its stake in Armada Hoffler Properties by 33.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,709 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 8,994 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC bought a new stake in Armada Hoffler Properties during the second quarter valued at $273,000. Institutional investors own 66.35% of the company’s stock.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. The trade was a 19.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel A. Hoffler purchased 95,238 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 55.56 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Down 0.9 %

Shares of AHH opened at $10.99 on Wednesday. Armada Hoffler Properties, Inc. has a 1 year low of $10.02 and a 1 year high of $13.11. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The firm has a fifty day moving average of $11.03 and a 200-day moving average of $11.35.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. Equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.46%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Armada Hoffler Properties 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.