Algert Global LLC Purchases 126,051 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Algert Global LLC lifted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 858.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 140,738 shares of the real estate investment trust's stock after buying an additional 126,051 shares during the period. Algert Global LLC owned approximately 0.16% of Armada Hoffler Properties worth $1,561,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Point72 DIFC Ltd purchased a new stake in Armada Hoffler Properties during the second quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth approximately $55,000. Quest Partners LLC raised its holdings in shares of Armada Hoffler Properties by 261.2% in the 2nd 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 during the period. ProShare Advisors LLC lifted its stake in Armada Hoffler Properties by 7.4% in the first 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. Finally, Dark Forest Capital Management LP purchased a new stake in Armada Hoffler Properties in the second quarter worth $154,000. 66.35% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the transaction, the director now owns 21,486 shares in the company, valued at $238,279.74. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Daniel A. Hoffler bought 95,238 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average price 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 $2,799,793.50. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, July 10th. The shares were acquired at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the transaction, the director now directly owns 21,486 shares of the company's stock, valued at approximately $238,279.74. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 104,238 shares of company stock worth $1,098,729 over the last ninety days. 11.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a "buy" rating for the company in a research note on Friday, September 27th. Jefferies Financial Group cut shares of Armada Hoffler Properties from a "buy" rating to a "hold" rating and lowered their target price for the company from $13.00 to $11.00 in a report on Monday, July 15th. Finally, StockNews.com raised Armada Hoffler Properties from a "sell" rating to a "hold" rating in a report on Friday, September 13th.

Armada Hoffler Properties Price Performance

Shares of AHH stock traded up $0.08 during trading hours on Friday, reaching $10.84. The stock had a trading volume of 687,111 shares, compared to its average volume of 465,091. The stock's fifty day simple moving average is $11.74 and its 200 day simple moving average is $11.23. The firm has a market capitalization of $962.41 million, a PE ratio of 119.78 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 12 month low of $9.81 and a 12 month high of $13.11. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed 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 7.56%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties's dividend payout ratio is 911.11%.

About Armada Hoffler Properties

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.