GSA Capital Partners LLP Acquires New Shares in Armada Hoffler Properties, Inc. (NYSE:AHH)

GSA Capital Partners LLP bought a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 106,735 shares of the real estate investment trust's stock, valued at approximately $1,156,000. GSA Capital Partners LLP owned approximately 0.12% of Armada Hoffler Properties as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in Armada Hoffler Properties by 15.0% in the first quarter. BNP Paribas Financial Markets now owns 35,590 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 4,639 shares during the last quarter. Sei Investments Co. grew its position in shares of Armada Hoffler Properties by 2.7% in the first quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust's stock valued at $2,437,000 after purchasing an additional 6,236 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Armada Hoffler Properties by 7.4% during 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. State Board of Administration of Florida Retirement System raised its position in shares of Armada Hoffler Properties by 70.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust's stock worth $1,191,000 after purchasing an additional 47,377 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 buying an additional 65,300 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AHH. StockNews.com downgraded shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased 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.

Insiders Place Their Bets

In related news, Director Dennis H. Gartman bought 4,500 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average price of $10.85 per share, with a total value of $48,825.00. Following 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel A. Hoffler purchased 95,238 shares of Armada Hoffler Properties stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

Armada Hoffler Properties Stock Up 1.0 %

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

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its 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 company had revenue of $68.60 million for the quarter, compared to analysts' expectations of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. On average, analysts predict that Armada Hoffler Properties, Inc. will post 1.26 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

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

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.