Maven Securities LTD Makes New $1.31 Million Investment in Armada Hoffler Properties, Inc. (NYSE:AHH)

Maven Securities LTD purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,535 shares of the real estate investment trust's stock, valued at approximately $1,305,000. Maven Securities LTD owned 0.13% of Armada Hoffler Properties at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AHH. Van ECK Associates Corp increased its holdings in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust's stock worth $126,000 after purchasing an additional 1,251 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Armada Hoffler Properties by 6.3% during the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust's stock worth $241,000 after buying an additional 1,316 shares in the last quarter. abrdn plc increased its stake in shares of Armada Hoffler Properties by 10.5% during the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust's stock worth $150,000 after buying an additional 1,322 shares during the period. Asset Management One Co. Ltd. lifted its stake in Armada Hoffler Properties by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust's stock worth $1,053,000 after acquiring an additional 1,642 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust's stock worth $149,000 after acquiring an additional 1,872 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AHH. Stifel Nicolaus lifted their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a research report 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 Stock Down 0.6 %

Shares of NYSE:AHH traded down $0.06 during trading on Thursday, hitting $10.94. 417,115 shares of the company were exchanged, compared to its average volume of 481,910. The firm's 50 day moving average price is $10.99 and its 200-day moving average price is $11.34. Armada Hoffler Properties, Inc. has a 12-month low of $10.02 and a 12-month high of $13.11. 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 stock has a market capitalization of $1.11 billion, a P/E ratio of -52.38 and a beta of 1.03.

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) earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million during 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%. Armada Hoffler Properties's revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

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. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.50%. Armada Hoffler Properties's dividend payout ratio is presently -390.46%.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the purchase, the director now owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 19.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel A. Hoffler bought 95,238 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now directly owns 266,647 shares of the company's stock, valued at approximately $2,799,793.50. This trade represents 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 corporate insiders.

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.