Janney Montgomery Scott LLC Reduces Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Janney Montgomery Scott LLC decreased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 65.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,900 shares of the real estate investment trust's stock after selling 216,124 shares during the period. Janney Montgomery Scott LLC owned 0.13% of Armada Hoffler Properties worth $1,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Point72 DIFC Ltd purchased a new position in Armada Hoffler Properties during the 2nd quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Armada Hoffler Properties during the second quarter valued at approximately $55,000. Quarry LP increased its holdings in Armada Hoffler Properties by 446.4% during 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. ProShare Advisors LLC lifted its stake in Armada Hoffler Properties by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 934 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in Armada Hoffler Properties by 261.2% in the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust's stock valued at $143,000 after purchasing an additional 9,339 shares during the period. Institutional investors own 66.35% of the company's stock.

Wall Street Analysts Forecast Growth

AHH has been the topic 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 lifted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research report on Tuesday, November 5th.

Insider Activity

In other news, Director Dennis H. Gartman purchased 4,500 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. The trade was a 19.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel A. Hoffler acquired 95,238 shares of the stock in a transaction dated Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the purchase, the director now 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 position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company's stock.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH traded up $0.11 during mid-day trading on Friday, reaching $10.98. 618,651 shares of the company were exchanged, compared to its average volume of 477,681. The stock has a market capitalization of $983.15 million, a PE ratio of -52.28 and a beta of 1.03. The company has a quick ratio of 7.49, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a 52 week low of $10.02 and a 52 week high of $13.11. The company's 50 day moving average price is $11.23 and its 200 day moving average price is $11.36.

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) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. During the same quarter last year, the company posted $0.31 earnings per share. Armada Hoffler Properties's revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.26 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were given a dividend of $0.205 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 annualized dividend and a yield of 7.47%. Armada Hoffler Properties's payout ratio is -390.46%.

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.