KBC Group NV Purchases 1,962 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

KBC Group NV raised its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 66.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,934 shares of the real estate investment trust’s stock after buying an additional 1,962 shares during the quarter. KBC Group NV’s holdings in Armada Hoffler Properties were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AHH. ProShare Advisors LLC boosted its holdings in Armada Hoffler Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 934 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Armada Hoffler Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after acquiring an additional 65,300 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Armada Hoffler Properties by 10.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 60,933 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 5,735 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Armada Hoffler Properties in the first quarter valued at approximately $167,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Armada Hoffler Properties by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 90,142 shares of the real estate investment trust’s stock worth $938,000 after acquiring an additional 6,158 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

Shares of AHH opened at $11.07 on Friday. Armada Hoffler Properties, Inc. has a twelve month low of $10.02 and a twelve month high of $13.11. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The stock’s 50 day moving average is $11.15 and its two-hundred day moving average is $11.37. The firm has a market capitalization of $1.12 billion, a PE ratio of -52.71 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the prior year, the company earned $0.31 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were issued a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.41%. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.46%.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This represents a 19.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel A. Hoffler acquired 95,238 shares of Armada Hoffler Properties stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 11.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AHH shares. Stifel Nicolaus lifted their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note 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.