Vision Capital Corp Buys New Shares in Armada Hoffler Properties, Inc. (NYSE:AHH)

Vision Capital Corp purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,100,000 shares of the real estate investment trust’s stock, valued at approximately $11,913,000. Armada Hoffler Properties comprises about 1.9% of Vision Capital Corp’s holdings, making the stock its 19th biggest holding. Vision Capital Corp owned 1.23% of Armada Hoffler Properties at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its position in shares of Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 1,316 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Armada Hoffler Properties by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 86,339 shares of the real estate investment trust’s stock valued at $935,000 after buying an additional 16,120 shares during the period. Algert Global LLC increased its holdings in shares of Armada Hoffler Properties by 77.8% during the 3rd quarter. Algert Global LLC now owns 250,247 shares of the real estate investment trust’s stock worth $2,710,000 after buying an additional 109,509 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Armada Hoffler Properties by 130.5% during the 3rd quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 19,925 shares during the period. Finally, Quest Partners LLC lifted its holdings in Armada Hoffler Properties by 378.6% in the third quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock valued at $669,000 after acquiring an additional 48,891 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel A. Hoffler acquired 95,238 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the purchase, the director now owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This trade represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by company insiders.

Armada Hoffler Properties Stock Up 0.3 %

AHH opened at $11.10 on Monday. Armada Hoffler Properties, Inc. has a 52 week low of $10.02 and a 52 week high of $13.11. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The business has a fifty day simple moving average of $11.15 and a 200-day simple moving average of $11.37.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. Armada Hoffler Properties’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. On average, equities analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were paid a dividend of $0.205 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 annualized dividend and a yield of 7.39%. Armada Hoffler Properties’s dividend payout ratio is currently -390.46%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted 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 note on Tuesday, November 5th.

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.