State of New Jersey Common Pension Fund D Reduces Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

State of New Jersey Common Pension Fund D decreased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 36.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,160 shares of the real estate investment trust’s stock after selling 97,928 shares during the period. State of New Jersey Common Pension Fund D owned about 0.19% of Armada Hoffler Properties worth $1,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its stake in Armada Hoffler Properties by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 934 shares during the period. Daiwa Securities Group Inc. increased its stake in Armada Hoffler Properties by 8.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 1,637 shares during the period. Cetera Advisors LLC increased its position in shares of Armada Hoffler Properties by 15.0% in the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,872 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Armada Hoffler Properties by 224.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,853 shares during the last quarter. Finally, Inspire Investing LLC increased its position in shares of Armada Hoffler Properties by 11.7% in the 1st quarter. Inspire Investing LLC now owns 34,565 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 3,629 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

AHH has been the subject of several research analyst reports. Jefferies Financial Group downgraded shares of 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 research report on Monday, July 15th. StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus initiated coverage on shares of Armada Hoffler Properties in a report on Monday, July 15th. They issued a “buy” rating and a $12.75 price target for the company.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of $11.09 per share, with a total value of $49,905.00. Following the purchase, the director now owns 21,486 shares in the company, valued at approximately $238,279.74. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Down 2.9 %

Armada Hoffler Properties stock opened at $11.90 on Monday. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The firm has a 50-day moving average price of $11.83 and a two-hundred day moving average price of $11.20. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 132.22 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

Armada Hoffler Properties Profile

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.