Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman Acquires 4,500 Shares

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) Director Dennis H. Gartman bought 4,500 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director now owns 27,149 shares of the company's stock, valued at approximately $294,566.65. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Armada Hoffler Properties Stock Up 0.7 %

Shares of NYSE:AHH traded up $0.08 during trading hours on Friday, hitting $10.84. The company's stock had a trading volume of 687,111 shares, compared to its average volume of 465,091. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The firm's fifty day moving average price is $11.74 and its 200 day moving average price is $11.23. Armada Hoffler Properties, Inc. has a 52 week low of $9.81 and a 52 week high of $13.11. The company has a market capitalization of $962.41 million, a price-to-earnings ratio of 120.44 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.56%. Armada Hoffler Properties's dividend payout ratio is currently 911.11%.

Analyst Ratings Changes

AHH has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Armada Hoffler Properties from a "buy" rating to a "hold" rating and reduced their target price for the stock from $13.00 to $11.00 in a research report on Monday, July 15th. StockNews.com upgraded Armada Hoffler Properties from a "sell" rating to a "hold" rating in a report on Friday, September 13th. Finally, Stifel Nicolaus lowered their target price on Armada Hoffler Properties from $12.75 to $12.50 and set a "buy" rating for the company in a report on Friday, September 27th.

Institutional Trading of Armada Hoffler Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Armada Hoffler Properties in the second quarter valued at approximately $55,000. Quarry LP grew its holdings in Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock worth $65,000 after purchasing an additional 4,790 shares during the last quarter. Quest Partners LLC increased its position in shares of Armada Hoffler Properties by 261.2% during the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust's stock worth $143,000 after purchasing an additional 9,339 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings 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 valued at $141,000 after purchasing an additional 934 shares during the last quarter. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Company Profile

Armada Hoffler NYSE: AHH is a vertically-integrated, self-managed real estate investment trust 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.