State Street Corp Buys 6,319 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

State Street Corp boosted its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,648,511 shares of the real estate investment trust’s stock after purchasing an additional 6,319 shares during the quarter. State Street Corp owned about 4.07% of Armada Hoffler Properties worth $40,251,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Stifel Financial Corp grew its position in Armada Hoffler Properties by 85.3% in the third quarter. Stifel Financial Corp now owns 21,062 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 9,696 shares during the last quarter. Maven Securities LTD bought a new position in Armada Hoffler Properties in the 3rd quarter valued at approximately $1,305,000. ClearAlpha Technologies LP acquired a new stake in Armada Hoffler Properties in the third quarter valued at approximately $248,000. Verition Fund Management LLC grew its stake in shares of Armada Hoffler Properties by 516.8% during the third quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust’s stock worth $1,586,000 after buying an additional 122,701 shares during the last quarter. Finally, HGI Capital Management LLC lifted its stake in shares of Armada Hoffler Properties by 44.4% in the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock valued at $2,708,000 after acquiring an additional 76,919 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $10.25 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of -48.81 and a beta of 1.03. Armada Hoffler Properties, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $12.94. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The company has a 50 day simple moving average of $10.98 and a two-hundred day simple moving average of $11.30.

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 business had revenue of $68.60 million during the quarter, compared to the consensus estimate 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 was up 9.1% on a year-over-year basis. During the same period last year, the business posted $0.31 earnings per share. Research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.00%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.48%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AHH. Stifel Nicolaus upped their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Insider Activity at Armada Hoffler Properties

In related news, Director Daniel A. Hoffler bought 95,238 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 in the company, valued at approximately $2,799,793.50. This represents a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares of the company’s stock, valued at $343,391.65. This represents a 16.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 104,238 shares of company stock valued at $1,097,649 in the last three months. Corporate insiders own 11.90% of the company’s stock.

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.