Verition Fund Management LLC Has $1.59 Million Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Verition Fund Management LLC boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 516.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,444 shares of the real estate investment trust's stock after purchasing an additional 122,701 shares during the period. Verition Fund Management LLC owned about 0.16% of Armada Hoffler Properties worth $1,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock valued at $25,313,000 after purchasing an additional 140,964 shares during the last quarter. Vision Capital Corp acquired a new stake in Armada Hoffler Properties in the 3rd quarter valued at $11,913,000. Mesirow Institutional Investment Management Inc. increased its stake in 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 valued at $11,742,000 after buying an additional 9,599 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Armada Hoffler Properties by 6.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 483,680 shares of the real estate investment trust's stock worth $5,238,000 after buying an additional 29,977 shares in the last quarter. Finally, 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 buying an additional 55,094 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company's stock.

Armada Hoffler Properties Stock Performance

Shares of AHH stock traded down $0.05 on Friday, reaching $10.87. The stock had a trading volume of 589,199 shares, compared to its average volume of 519,206. Armada Hoffler Properties, Inc. has a 12 month low of $10.02 and a 12 month high of $13.11. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -51.76 and a beta of 1.03. The firm's 50-day moving average is $10.99 and its two-hundred day moving average is $11.34. 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 (NYSE:AHH - Get Free Report) last released 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). The business had revenue of $68.60 million during 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%. Armada Hoffler Properties's quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were given a dividend of $0.205 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.54%. Armada Hoffler Properties's dividend payout ratio (DPR) is -390.48%.

Insider Buying and Selling at Armada Hoffler Properties

In other 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 acquired at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the purchase, the director now directly owns 266,647 shares of the company's stock, valued at $2,799,793.50. This trade represents a 55.56 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

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

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.