Public Sector Pension Investment Board Purchases 71,400 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Public Sector Pension Investment Board increased its position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 48.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 219,001 shares of the real estate investment trust's stock after buying an additional 71,400 shares during the period. Public Sector Pension Investment Board owned 0.24% of Armada Hoffler Properties worth $2,372,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Armada Hoffler Properties by 333.3% during the third quarter. BNP Paribas Financial Markets now owns 72,460 shares of the real estate investment trust's stock worth $785,000 after buying an additional 55,738 shares during the last quarter. FMR LLC increased its holdings in shares of Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock valued at $25,313,000 after acquiring an additional 140,964 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Armada Hoffler Properties by 11.0% in the 3rd quarter. D.A. Davidson & CO. now owns 165,982 shares of the real estate investment trust's stock valued at $1,798,000 after acquiring an additional 16,483 shares in the last quarter. Vision Capital Corp bought a new position in shares of Armada Hoffler Properties in the 3rd quarter valued at approximately $11,913,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Armada Hoffler Properties by 6.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust's stock worth $241,000 after purchasing an additional 1,316 shares during the last quarter. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Stock Performance

AHH traded down $0.06 during midday trading on Thursday, reaching $10.94. The company's stock had a trading volume of 417,115 shares, compared to its average volume of 481,910. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a fifty day simple moving average of $10.99 and a 200 day simple moving average of $11.34. The stock has a market cap of $1.11 billion, a P/E ratio of -52.38 and a beta of 1.03. Armada Hoffler Properties, Inc. has a twelve month low of $10.02 and a twelve month high of $13.11.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The company had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the previous year, the business posted $0.31 EPS. The company's revenue was up 9.1% on a year-over-year basis. Research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.50%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently -390.46%.

Analyst Ratings Changes

AHH has been the topic of several analyst reports. StockNews.com downgraded Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research note on Tuesday, November 5th.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Daniel A. Hoffler purchased 95,238 shares of the firm'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 transaction, the director now directly owns 266,647 shares in the company, valued at approximately $2,799,793.50. The trade was a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Dennis H. Gartman acquired 4,500 shares of the business's stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 27,149 shares in the company, valued at approximately $294,566.65. The trade was a 19.87 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by corporate insiders.

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.