Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Acquired by Quest Partners LLC

Quest Partners LLC grew its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 378.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,806 shares of the real estate investment trust's stock after buying an additional 48,891 shares during the quarter. Quest Partners LLC owned 0.07% of Armada Hoffler Properties worth $669,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Armada Hoffler Properties by 0.8% during the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust's stock worth $80,679,000 after buying an additional 65,300 shares during the period. Mesirow Institutional Investment Management Inc. lifted its holdings in shares of Armada Hoffler Properties by 0.9% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 1,058,787 shares of the real estate investment trust's stock worth $11,742,000 after acquiring an additional 9,599 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Armada Hoffler Properties by 18.7% during the 2nd quarter. Millennium Management LLC now owns 349,756 shares of the real estate investment trust's stock worth $3,879,000 after purchasing an additional 55,094 shares during the period. Sei Investments Co. grew its holdings in Armada Hoffler Properties by 24.1% during the 2nd quarter. Sei Investments Co. now owns 290,852 shares of the real estate investment trust's stock valued at $3,226,000 after purchasing an additional 56,486 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in Armada Hoffler Properties in the 2nd quarter worth about $2,961,000. Institutional investors own 66.35% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on AHH shares. StockNews.com lowered Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research report on Tuesday, November 5th.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now directly owns 27,149 shares of the company's stock, valued at $294,566.65. This trade represents a 19.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel A. Hoffler acquired 95,238 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the transaction, the director now owns 266,647 shares of the company's stock, valued at $2,799,793.50. This represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Armada Hoffler Properties Trading Up 1.7 %

AHH traded up $0.18 on Friday, reaching $11.07. 613,638 shares of the company traded hands, compared to its average volume of 534,794. The company has a market cap of $1.12 billion, a P/E ratio of -52.71 and a beta of 1.03. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a one year low of $10.02 and a one year high of $13.11. The firm has a fifty day simple moving average of $11.15 and a two-hundred day simple moving average of $11.37.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted 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 the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. As a group, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.205 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 7.41%. Armada Hoffler Properties's dividend payout ratio is currently -390.46%.

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.