JPMorgan Chase & Co. Grows Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

JPMorgan Chase & Co. increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 18.6% in the third quarter, HoldingsChannel.com reports. The firm owned 622,095 shares of the real estate investment trust’s stock after buying an additional 97,642 shares during the period. JPMorgan Chase & Co.’s holdings in Armada Hoffler Properties were worth $6,737,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after acquiring an additional 158,625 shares during the period. Geode Capital Management LLC lifted its position in shares of Armada Hoffler Properties by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 56,777 shares in the last quarter. Barclays PLC boosted its stake in shares of Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock valued at $2,329,000 after purchasing an additional 91,461 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in shares of Armada Hoffler Properties by 37.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,459 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 11,465 shares during the period. Finally, Stifel Financial Corp increased its stake in Armada Hoffler Properties by 85.3% during the 3rd quarter. Stifel Financial Corp now owns 21,062 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 9,696 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $9.66 on Thursday. The business has a 50-day simple moving average of $10.62 and a 200-day simple moving average of $11.18. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. Armada Hoffler Properties, Inc. has a one year low of $9.26 and a one year high of $12.46. The company has a market cap of $979.14 million, a PE ratio of -46.00 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results 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 return on equity of 1.18% and a negative net margin of 1.01%. The firm had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same quarter last year, the firm earned $0.31 EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 8.49%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.48%.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased 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 31,649 shares of the company’s stock, valued at approximately $343,391.65. This represents a 16.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AHH. Stifel Nicolaus raised their price target 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. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

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.