Arbor Investment Advisors LLC Buys 4,761 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Arbor Investment Advisors LLC increased its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 19.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,161 shares of the real estate investment trust’s stock after acquiring an additional 4,761 shares during the period. Arbor Investment Advisors LLC’s holdings in Armada Hoffler Properties were worth $316,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AHH. Point72 DIFC Ltd bought a new position in shares of Armada Hoffler Properties during the second quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Armada Hoffler Properties during the 2nd quarter valued at about $55,000. Quarry LP raised its position 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 valued at $65,000 after purchasing an additional 4,790 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Armada Hoffler Properties by 7.4% in 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. Finally, Quest Partners LLC grew its position in shares of Armada Hoffler Properties by 261.2% in the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 9,339 shares during the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was 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 in the company, valued at approximately $294,566.65. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, October 2nd. The stock was bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel A. Hoffler acquired 95,238 shares of the stock in a transaction on Thursday, September 26th. The shares were bought at an average price of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented 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 dropped their target price on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a research report on Friday, September 27th. Finally, Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Monday, July 15th.

Armada Hoffler Properties Stock Up 0.6 %

Shares of NYSE AHH traded up $0.07 during mid-day trading on Monday, hitting $11.09. 238,796 shares of the stock traded hands, compared to its average volume of 472,317. The company has a market cap of $984.60 million, a price-to-earnings ratio of 122.44 and a beta of 1.03. The stock has a fifty day moving average price of $11.55 and a 200-day moving average price of $11.31. Armada Hoffler Properties, Inc. has a 52 week low of $9.81 and a 52 week high of $13.11. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 911.11%.

Armada Hoffler Properties 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.