55,779 Shares in Armada Hoffler Properties, Inc. (NYSE:AHH) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 55,779 shares of the real estate investment trust's stock, valued at approximately $619,000. Cubist Systematic Strategies LLC owned 0.06% of Armada Hoffler Properties as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AHH. Great Lakes Advisors LLC acquired a new stake in Armada Hoffler Properties during the 2nd quarter worth approximately $2,961,000. Mesirow Institutional Investment Management Inc. increased its position in shares of Armada Hoffler Properties by 14.2% in the first quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust's stock worth $10,912,000 after acquiring an additional 130,497 shares in the last quarter. Algert Global LLC raised its stake in shares of Armada Hoffler Properties by 858.2% in the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust's stock valued at $1,561,000 after acquiring an additional 126,051 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust's stock valued at $10,098,000 after acquiring an additional 83,500 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Armada Hoffler Properties by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust's stock worth $80,679,000 after purchasing an additional 65,300 shares during the period. Institutional investors and hedge funds own 66.35% of the company's stock.

Insider Activity

In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of Armada Hoffler Properties stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the transaction, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Daniel A. Hoffler acquired 95,238 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the purchase, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dennis H. Gartman bought 4,500 shares of the 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 purchase, the director now owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company's stock.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock traded up $0.11 on Friday, reaching $10.91. 569,894 shares of the company were exchanged, compared to its average volume of 469,946. The firm has a market cap of $968.62 million, a price-to-earnings ratio of 121.22 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. The company's 50-day moving average is $11.61 and its two-hundred day moving average is $11.26.

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 paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties's payout ratio is 911.11%.

Analyst Ratings Changes

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

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.