Quest Partners LLC Raises Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Quest Partners LLC raised its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 261.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,915 shares of the real estate investment trust’s stock after purchasing an additional 9,339 shares during the quarter. Quest Partners LLC’s holdings in Armada Hoffler Properties were worth $143,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Great Lakes Advisors LLC acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at about $2,961,000. Mesirow Institutional Investment Management Inc. lifted its holdings in Armada Hoffler Properties by 0.9% in the second quarter. Mesirow Institutional Investment Management Inc. now owns 1,058,787 shares of the real estate investment trust’s stock valued at $11,742,000 after acquiring an additional 9,599 shares during the period. Natixis Advisors LLC lifted its holdings in Armada Hoffler Properties by 43.3% in the second quarter. Natixis Advisors LLC now owns 52,044 shares of the real estate investment trust’s stock valued at $577,000 after acquiring an additional 15,731 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Armada Hoffler Properties by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,793 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 4,180 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth approximately $273,000. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $12.05 on Tuesday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. The stock has a market capitalization of $1.07 billion, a PE ratio of 133.89 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The company has a fifty day moving average of $11.77 and a two-hundred day moving average of $11.15.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is presently 911.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AHH. Stifel Nicolaus assumed coverage on shares of Armada Hoffler Properties in a report on Monday, July 15th. They set a “buy” rating and a $12.75 price target on the stock. Jefferies Financial Group cut Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their target price for the company from $13.00 to $11.00 in a research report on Monday, July 15th. Finally, StockNews.com raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of $11.09 per share, with a total value of $49,905.00. Following the completion of the acquisition, the director now directly owns 21,486 shares of the company’s stock, valued at $238,279.74. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.