SG Americas Securities LLC Buys 20,394 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

SG Americas Securities LLC increased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 94.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,926 shares of the real estate investment trust’s stock after purchasing an additional 20,394 shares during the quarter. SG Americas Securities LLC’s holdings in Armada Hoffler Properties were worth $429,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AHH. Albert D Mason Inc. grew its holdings in Armada Hoffler Properties by 43.3% during the 4th quarter. Albert D Mason Inc. now owns 181,974 shares of the real estate investment trust’s stock worth $1,862,000 after acquiring an additional 55,012 shares during the last quarter. Adams Asset Advisors LLC lifted its position in shares of Armada Hoffler Properties by 37.0% during the fourth quarter. Adams Asset Advisors LLC now owns 195,080 shares of the real estate investment trust’s stock worth $1,996,000 after purchasing an additional 52,681 shares in the last quarter. Sterneck Capital Management LLC increased its holdings in shares of Armada Hoffler Properties by 15.9% in the fourth quarter. Sterneck Capital Management LLC now owns 91,310 shares of the real estate investment trust’s stock valued at $934,000 after purchasing an additional 12,550 shares in the last quarter. JPMorgan Chase & Co. raised its position in Armada Hoffler Properties by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock worth $6,737,000 after purchasing an additional 97,642 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after buying an additional 158,625 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Scotiabank initiated coverage on shares of Armada Hoffler Properties in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $11.00 target price on the stock.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now directly owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by insiders.

Armada Hoffler Properties Stock Up 1.0 %

Shares of Armada Hoffler Properties stock opened at $9.79 on Monday. The business has a fifty day simple moving average of $10.30 and a 200 day simple moving average of $11.04. The stock has a market cap of $992.31 million, a PE ratio of -46.62 and a beta of 1.03. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a 12 month low of $9.26 and a 12 month high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted its 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). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. Armada Hoffler Properties’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 8.38%. Armada Hoffler Properties’s payout ratio is -390.46%.

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.