Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 622,095 shares of the real estate investment trust's stock after purchasing an additional 97,642 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.61% of Armada Hoffler Properties worth $6,737,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in AHH. Point72 DIFC Ltd purchased a new stake in Armada Hoffler Properties in the 2nd quarter valued at $46,000. KBC Group NV increased its stake in Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 1,962 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Armada Hoffler Properties in the second quarter valued at about $55,000. Quarry LP boosted its stake in shares of Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock worth $65,000 after buying an additional 4,790 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Armada Hoffler Properties during the third quarter worth about $108,000. Institutional investors and hedge funds own 66.35% of the company's stock.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 31,649 shares of the company's stock, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

Armada Hoffler Properties Stock Performance

NYSE AHH traded up $0.16 on Thursday, hitting $9.83. 631,954 shares of the company's stock were exchanged, compared to its average volume of 704,645. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The firm's 50-day moving average price is $10.59 and its two-hundred day moving average price is $11.17. The firm has a market cap of $995.86 million, a price-to-earnings ratio of -46.78 and a beta of 1.03. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.26 and a fifty-two week high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). The business had revenue of $68.60 million during the quarter, compared to analysts' expectations 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 company's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. On average, research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a yield of 8.35%. Armada Hoffler Properties's payout ratio is currently -390.46%.

Wall Street Analyst Weigh In

Several analysts have commented on AHH shares. Stifel Nicolaus upped their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research note on Tuesday, November 5th. StockNews.com downgraded Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report 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.