Seven Grand Managers LLC Acquires Shares of 134,000 Armada Hoffler Properties, Inc. (NYSE:AHH)

Seven Grand Managers LLC purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 134,000 shares of the real estate investment trust's stock, valued at approximately $1,451,000. Seven Grand Managers LLC owned about 0.15% of Armada Hoffler Properties at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AHH. Allspring Global Investments Holdings LLC raised its position in shares of Armada Hoffler Properties by 4.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 293,440 shares of the real estate investment trust's stock valued at $3,052,000 after purchasing an additional 13,570 shares during the period. Naviter Wealth LLC bought a new stake in shares of Armada Hoffler Properties during the 1st quarter valued at $206,000. Principal Financial Group Inc. raised its position in shares of Armada Hoffler Properties by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 369,976 shares of the real estate investment trust's stock valued at $3,848,000 after purchasing an additional 18,692 shares during the period. BNP Paribas Financial Markets raised its position in shares of Armada Hoffler Properties by 15.0% during the 1st quarter. BNP Paribas Financial Markets now owns 35,590 shares of the real estate investment trust's stock valued at $370,000 after purchasing an additional 4,639 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Armada Hoffler Properties by 2.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 354,773 shares of the real estate investment trust's stock valued at $3,690,000 after purchasing an additional 9,119 shares during the period. Hedge funds and other institutional investors own 66.35% of the company's stock.

Analyst Ratings Changes

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

Armada Hoffler Properties Price Performance

NYSE AHH traded down $0.08 on Thursday, reaching $11.17. The company had a trading volume of 383,250 shares, compared to its average volume of 473,543. The firm's 50 day moving average price is $11.59 and its 200 day moving average price is $11.27. Armada Hoffler Properties, Inc. has a 12 month low of $9.81 and a 12 month high of $13.11. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $991.71 million, a PE ratio of 124.11 and a beta of 1.03.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were issued a $0.205 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.34%. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 911.11%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Dennis H. Gartman purchased 4,500 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now owns 27,149 shares in the company, valued at approximately $294,566.65. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel A. Hoffler purchased 95,238 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the purchase, the director now owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company's stock.

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.