Vision Capital Corp Takes $11.91 Million Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Vision Capital Corp acquired a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,100,000 shares of the real estate investment trust's stock, valued at approximately $11,913,000. Armada Hoffler Properties comprises about 1.9% of Vision Capital Corp's investment portfolio, making the stock its 19th largest holding. Vision Capital Corp owned 1.23% of Armada Hoffler Properties as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AHH. Point72 DIFC Ltd purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at $46,000. KBC Group NV raised its stake in shares of Armada Hoffler Properties by 66.0% during the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Armada Hoffler Properties in the 2nd quarter worth $55,000. Quarry LP raised its stake in shares of Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust's stock worth $65,000 after buying an additional 4,790 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in Armada Hoffler Properties in the third quarter valued at $108,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Trading Down 0.6 %

Shares of NYSE AHH traded down $0.07 during midday trading on Monday, hitting $11.00. The stock had a trading volume of 851,824 shares, compared to its average volume of 481,365. The company has a fifty day moving average price of $11.15 and a 200 day moving average price of $11.37. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -52.48 and a beta of 1.03.

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) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The company had revenue of $68.60 million during the quarter, compared to analysts' expectations of $65.01 million. During the same period last year, the business earned $0.31 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict 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 disclosed 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 dividend on an annualized basis and a dividend yield of 7.45%. Armada Hoffler Properties's dividend payout ratio is currently -390.48%.

Insider Activity

In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of the stock in a transaction on Thursday, September 26th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the purchase, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of the business's stock in a transaction on 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 owns 27,149 shares in the company, valued at $294,566.65. This represents a 19.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

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

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.