BNP Paribas Financial Markets Increases Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

BNP Paribas Financial Markets lifted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 333.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,460 shares of the real estate investment trust's stock after purchasing an additional 55,738 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Armada Hoffler Properties worth $785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AHH. FMR LLC boosted its position in shares of Armada Hoffler Properties by 6.4% during 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 during the period. Vision Capital Corp purchased a new position in Armada Hoffler Properties during the 3rd quarter valued at about $11,913,000. Mesirow Institutional Investment Management Inc. boosted its holdings in Armada Hoffler Properties by 0.9% during the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 1,058,787 shares of the real estate investment trust's stock valued at $11,742,000 after acquiring an additional 9,599 shares during the period. Millennium Management LLC grew its position in Armada Hoffler Properties by 18.7% in the 2nd quarter. Millennium Management LLC now owns 349,756 shares of the real estate investment trust's stock valued at $3,879,000 after acquiring an additional 55,094 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Armada Hoffler Properties by 24.1% during the second quarter. Sei Investments Co. now owns 290,852 shares of the real estate investment trust's stock worth $3,226,000 after purchasing an additional 56,486 shares during the period. 66.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their price target on shares of 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 Buying and Selling

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

Armada Hoffler Properties Stock Up 0.3 %

Shares of AHH traded up $0.03 during midday trading on Thursday, hitting $10.88. The company had a trading volume of 761,977 shares, compared to its average volume of 485,100. Armada Hoffler Properties, Inc. has a 1 year low of $10.02 and a 1 year high of $13.11. The firm has a market capitalization of $1.10 billion, a P/E ratio of -51.69 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The company's 50-day simple moving average is $10.99 and its 200-day simple moving average is $11.33.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings results 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). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm had revenue of $68.60 million during the quarter, compared to analysts' expectations of $65.01 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The firm's revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

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.