Point72 DIFC Ltd bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH – Free Report) 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
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.
Check Out Our Latest Stock Report on Armada Hoffler Properties
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.
Featured Stories
- Five stocks we like better than Armada Hoffler Properties
- Overbought Stocks Explained: Should You Trade Them?
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- How to Find Undervalued Stocks
- CarMax’s Impressive Rally: What Investors Should Watch Next
- What Are Dividend Contenders? Investing in Dividend Contenders
- MarketBeat Week in Review – 9/23 – 9/27
Want to see what other hedge funds are holding AHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armada Hoffler Properties, Inc. (NYSE:AHH – Free Report).
Receive News & Ratings for Armada Hoffler Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties and related companies with MarketBeat.com's FREE daily email newsletter.