Allspring Global Investments Holdings LLC Cuts Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Allspring Global Investments Holdings LLC lowered its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 96.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,300 shares of the real estate investment trust's stock after selling 279,986 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Armada Hoffler Properties were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AHH. Point72 DIFC Ltd acquired a new stake in Armada Hoffler Properties in the second quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Armada Hoffler Properties in the second quarter worth about $55,000. Quarry LP boosted 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 acquiring an additional 4,790 shares in the last quarter. Quest Partners LLC boosted its holdings in Armada Hoffler Properties by 261.2% in the second 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 in the last quarter. Finally, ProShare Advisors LLC boosted its holdings 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 worth $141,000 after acquiring an additional 934 shares in the last quarter. Institutional investors own 66.35% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AHH. Jefferies Financial Group downgraded Armada Hoffler Properties from a "buy" rating to a "hold" rating and lowered their price target for the stock from $13.00 to $11.00 in a report on Monday, July 15th. StockNews.com downgraded Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus lifted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a report on Tuesday.

Insider Activity at Armada Hoffler Properties

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

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock traded up $0.16 on Tuesday, reaching $11.07. 595,875 shares of the stock were exchanged, compared to its average volume of 474,901. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. Armada Hoffler Properties, Inc. has a twelve month low of $10.02 and a twelve month high of $13.11. The firm has a market capitalization of $991.21 million, a price-to-earnings ratio of -276.68 and a beta of 1.03. The business has a 50 day moving average price of $11.43 and a two-hundred day moving average price of $11.34.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $68.60 million for the quarter, compared to analysts' expectations of $65.01 million. Armada Hoffler Properties had a net margin of 1.10% and a return on equity of 1.26%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Analysts anticipate that Armada Hoffler Properties, Inc. will post 1.25 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 7.41%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties's dividend payout ratio is currently -2,049.49%.

About Armada Hoffler Properties

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.