Point72 DIFC Ltd Takes $46,000 Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Point72 DIFC Ltd bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 4,147 shares of the real estate investment trust’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings 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 acquiring an additional 65,300 shares in the last quarter. Mesirow Institutional Investment Management Inc. raised its holdings in Armada Hoffler Properties by 0.9% during the second 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 in the last quarter. First Eagle Investment Management LLC raised its holdings in Armada Hoffler Properties by 9.4% during the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after acquiring an additional 83,500 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Armada Hoffler Properties by 5.3% during the first quarter. Principal Financial Group Inc. now owns 369,976 shares of the real estate investment trust’s stock worth $3,848,000 after acquiring an additional 18,692 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Armada Hoffler Properties by 2.6% during the first quarter. Janney Montgomery Scott LLC now owns 354,773 shares of the real estate investment trust’s stock worth $3,690,000 after acquiring an additional 9,119 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Insider Activity

In other news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were bought at an average price of $11.09 per share, with a total value of $49,905.00. Following the completion of the transaction, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is owned by company insiders.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $10.92 on Monday. The business’s 50 day moving average price is $11.82 and its two-hundred day moving average price is $11.23. The company has a market cap of $969.51 million, a PE ratio of 121.33 and a beta of 1.04. 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 $9.81 and a twelve month high of $13.11.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend is Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 911.11%.

Analyst Ratings Changes

Several analysts recently issued reports on AHH shares. Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their target price for the stock from $13.00 to $11.00 in a report on Monday, July 15th. Stifel Nicolaus lowered their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a research report on Friday. Finally, StockNews.com raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.