Franklin Resources Inc. Acquires 158,625 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Franklin Resources Inc. grew its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,932,663 shares of the real estate investment trust's stock after purchasing an additional 158,625 shares during the quarter. Franklin Resources Inc. owned approximately 1.91% of Armada Hoffler Properties worth $20,989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AHH. FMR LLC raised its stake in Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock worth $25,313,000 after buying an additional 140,964 shares in the last quarter. Quest Partners LLC boosted its holdings in Armada Hoffler Properties by 378.6% during the third quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust's stock worth $669,000 after buying an additional 48,891 shares in the last quarter. HGI Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 44.4% during the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust's stock worth $2,708,000 after acquiring an additional 76,919 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Armada Hoffler Properties in the second quarter valued at approximately $619,000. Finally, Verition Fund Management LLC raised its position in shares of Armada Hoffler Properties by 516.8% during the 3rd quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust's stock worth $1,586,000 after purchasing an additional 122,701 shares during the last quarter. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Price Performance

AHH traded down $0.02 during trading on Friday, reaching $10.25. 6,035,551 shares of the stock were exchanged, compared to its average volume of 518,814. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -48.81 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 1 year low of $10.02 and a 1 year high of $12.94. The business's 50 day moving average price is $10.98 and its two-hundred day moving average price is $11.30. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted 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). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same period in the prior year, the company earned $0.31 EPS. The company's revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.00%. Armada Hoffler Properties's dividend payout ratio (DPR) is -390.48%.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Daniel A. Hoffler purchased 95,238 shares of the business's stock in a transaction on Thursday, September 26th. The stock was bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the acquisition, the director now owns 266,647 shares of the company's stock, valued at $2,799,793.50. The trade was a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price 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 in the company, valued at approximately $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 104,238 shares of company stock worth $1,097,649 over the last quarter. 11.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus upped their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a report on Tuesday, November 5th. StockNews.com cut Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Company 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.