Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,765,811 shares of the real estate investment trust’s stock after purchasing an additional 56,777 shares during the quarter. Geode Capital Management LLC owned 1.97% of Armada Hoffler Properties worth $19,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new stake in shares of Armada Hoffler Properties in the second quarter valued at about $46,000. KBC Group NV lifted its position in Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Armada Hoffler Properties in the 2nd quarter worth approximately $55,000. Quarry LP grew its position in Armada Hoffler Properties by 446.4% in the second 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 in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Armada Hoffler Properties during the third quarter valued at approximately $108,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Down 0.5 %

Shares of Armada Hoffler Properties stock opened at $10.06 on Friday. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The business has a 50-day moving average price of $10.87 and a 200 day moving average price of $11.27. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.94 and a fifty-two week high of $12.69. The firm has a market cap of $1.02 billion, a P/E ratio of -47.90 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) 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 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 company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. On average, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.205 per share. The ex-dividend date is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.15%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.48%.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AHH shares. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped 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 report on Tuesday, November 5th.

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.