Millennium Management LLC Acquires 55,094 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Millennium Management LLC lifted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 349,756 shares of the real estate investment trust's stock after purchasing an additional 55,094 shares during the period. Millennium Management LLC owned 0.39% of Armada Hoffler Properties worth $3,879,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in Armada Hoffler Properties during the second quarter valued at approximately $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Armada Hoffler Properties in the 2nd quarter valued at $55,000. Quest Partners LLC raised its holdings in 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 acquiring an additional 9,339 shares during the period. ProShare Advisors LLC lifted its position in 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 worth $141,000 after acquiring an additional 934 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in Armada Hoffler Properties during the second quarter valued at about $154,000. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Performance

AHH stock traded down $0.06 during trading on Monday, reaching $10.85. 979,964 shares of the stock were exchanged, compared to its average volume of 472,521. The stock has a 50 day simple moving average of $11.60 and a 200-day simple moving average of $11.27. 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, Inc. has a twelve month low of $9.81 and a twelve month high of $13.11. The company has a market capitalization of $963.30 million, a P/E ratio of 120.56 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

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

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Daniel A. Hoffler purchased 95,238 shares of the stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of $10.50 per share, with a total value of $999,999.00. Following the acquisition, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Daniel A. Hoffler acquired 95,238 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now owns 266,647 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 27,149 shares in the company, valued at $294,566.65. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AHH shares. Jefferies Financial Group cut Armada Hoffler Properties from a "buy" rating to a "hold" rating and cut their price objective for the stock from $13.00 to $11.00 in a research report on Monday, July 15th. Stifel Nicolaus cut 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. Finally, StockNews.com upgraded shares of Armada Hoffler Properties from a "sell" rating to a "hold" rating in a research note on Friday, September 13th.

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.