Algert Global LLC Increases Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Algert Global LLC raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 77.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,247 shares of the real estate investment trust's stock after purchasing an additional 109,509 shares during the quarter. Algert Global LLC owned 0.28% of Armada Hoffler Properties worth $2,710,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of Armada Hoffler Properties during the second quarter worth about $46,000. KBC Group NV increased its holdings 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 purchasing an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Armada Hoffler Properties during the 2nd quarter worth approximately $55,000. Quarry LP raised its stake in shares of 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 worth $65,000 after purchasing an additional 4,790 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Armada Hoffler Properties in the third quarter valued at approximately $108,000. Institutional investors and hedge funds own 66.35% of the company's stock.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of the business's stock in a transaction on Thursday, September 26th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the transaction, the director now directly owns 266,647 shares of the company's stock, valued at $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now directly owns 27,149 shares of the company's stock, valued at approximately $294,566.65. This represents a 19.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AHH. Stifel Nicolaus upped their price target 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 research note on Tuesday, October 22nd.

Armada Hoffler Properties Stock Performance

Shares of AHH stock traded down $0.06 during trading on Wednesday, hitting $11.09. The company's stock had a trading volume of 471,584 shares, compared to its average volume of 481,554. 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 company has a market cap of $1.12 billion, a PE ratio of -52.81 and a beta of 1.03. The business has a fifty day moving average of $11.11 and a 200-day moving average of $11.36. Armada Hoffler Properties, Inc. has a 52 week low of $10.02 and a 52 week high of $13.11.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 1.01% and a negative return on equity of 1.18%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. As a group, 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 disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.39%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties's dividend 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.