Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,067,261 shares of the real estate investment trust's stock after selling 113,052 shares during the period. Charles Schwab Investment Management Inc. owned about 1.19% of Armada Hoffler Properties worth $11,558,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new position in Armada Hoffler Properties in the 2nd quarter valued at about $46,000. KBC Group NV boosted its position in Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Armada Hoffler Properties in the 2nd quarter worth approximately $55,000. Quarry LP grew its stake in Armada Hoffler Properties by 446.4% in the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock worth $65,000 after acquiring an additional 4,790 shares during the period. Finally, Versor Investments LP acquired a new position in Armada Hoffler Properties in the 3rd quarter valued at $108,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 266,647 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, October 2nd. The stock was acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares of the company's stock, valued at $294,566.65. The trade was a 19.87 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by insiders.

Armada Hoffler Properties Trading Up 0.3 %

Shares of AHH stock traded up $0.03 on Monday, reaching $10.90. 733,859 shares of the stock were exchanged, compared to its average volume of 483,425. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The stock has a market cap of $1.10 billion, a P/E ratio of -52.09 and a beta of 1.03. The firm has a 50 day moving average of $10.99 and a two-hundred day moving average of $11.33. 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 announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). The firm had revenue of $68.60 million for the quarter, compared to analyst estimates 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 business's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Announces Dividend

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 7.52%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently -390.46%.

Analyst Upgrades and Downgrades

AHH has been the subject of a number of recent analyst reports. StockNews.com downgraded Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research note on Tuesday, November 5th.

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.