Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 130.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,191 shares of the real estate investment trust’s stock after purchasing an additional 19,925 shares during the quarter. Intech Investment Management LLC’s holdings in Armada Hoffler Properties were worth $381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in Armada Hoffler Properties during the 2nd quarter worth about $46,000. KBC Group NV raised its holdings in Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,962 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Armada Hoffler Properties during the 2nd quarter worth about $55,000. Quarry LP raised its holdings in 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 during the period. Finally, Versor Investments LP acquired a new stake in Armada Hoffler Properties during the 3rd quarter worth about $108,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AHH. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus upped their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.99 on Wednesday. Armada Hoffler Properties, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $13.11. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The business’s 50-day moving average is $11.03 and its 200-day moving average is $11.35.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the prior year, the company earned $0.31 EPS. Armada Hoffler Properties’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a $0.205 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.46%. Armada Hoffler Properties’s dividend payout ratio is currently -390.46%.

Insider Buying and Selling

In other news, Director Daniel A. Hoffler acquired 95,238 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the acquisition, the director now owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. This represents a 55.56 % increase in their position. The purchase 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 firm’s stock in a transaction on Wednesday, October 2nd. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares of the company’s stock, 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. 11.90% of the stock is currently owned by corporate insiders.

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.