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

HGI Capital Management LLC raised its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 44.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 250,000 shares of the real estate investment trust's stock after purchasing an additional 76,919 shares during the quarter. Armada Hoffler Properties comprises approximately 2.4% of HGI Capital Management LLC's portfolio, making the stock its 16th largest holding. HGI Capital Management LLC owned about 0.28% of Armada Hoffler Properties worth $2,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AHH. Vanguard Group Inc. increased its position in 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 valued at $80,679,000 after acquiring an additional 65,300 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Armada Hoffler Properties by 10.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 60,933 shares of the real estate investment trust's stock worth $633,000 after purchasing an additional 5,735 shares during the period. Quadrature Capital Ltd purchased a new position in Armada Hoffler Properties in the 1st quarter valued at $167,000. Price T Rowe Associates Inc. MD increased its stake in Armada Hoffler Properties by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 90,142 shares of the real estate investment trust's stock valued at $938,000 after buying an additional 6,158 shares during the period. Finally, Cetera Advisors LLC raised its position in Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust's stock worth $149,000 after buying an additional 1,872 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a research report on Tuesday, November 5th.

Armada Hoffler Properties Price Performance

Shares of NYSE:AHH traded down $0.04 on Friday, reaching $11.05. 453,972 shares of the company were exchanged, compared to its average volume of 481,434. The company has a 50-day moving average of $11.07 and a 200-day moving average of $11.36. 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 firm has a market cap of $1.12 billion, a price-to-earnings ratio of -52.62 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. Equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties's dividend payout ratio (DPR) is -390.48%.

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.