Natixis Advisors LLC Acquires 15,731 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Natixis Advisors LLC lifted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 43.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,044 shares of the real estate investment trust’s stock after acquiring an additional 15,731 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Armada Hoffler Properties worth $577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Armada Hoffler Properties by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,793 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 4,180 shares during the period. Murphy Pohlad Asset Management LLC bought a new stake in Armada Hoffler Properties in the 2nd quarter valued at $273,000. Wealth Enhancement Advisory Services LLC boosted its stake in Armada Hoffler Properties by 33.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 35,709 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 8,994 shares during the period. Adams Asset Advisors LLC boosted its stake in Armada Hoffler Properties by 177.5% in the 2nd quarter. Adams Asset Advisors LLC now owns 87,849 shares of the real estate investment trust’s stock valued at $974,000 after purchasing an additional 56,191 shares during the period. Finally, Cetera Advisors LLC boosted its stake in Armada Hoffler Properties by 15.0% in the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 1,872 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of $11.09 per share, with a total value of $49,905.00. Following the acquisition, the director now directly owns 21,486 shares in the company, valued at $238,279.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Price Performance

Armada Hoffler Properties stock opened at $11.86 on Friday. 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, Inc. has a 52 week low of $9.81 and a 52 week high of $13.11. The stock has a market capitalization of $1.05 billion, a P/E ratio of 131.78 and a beta of 1.04. The stock has a fifty day moving average of $11.73 and a 200-day moving average of $11.12.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 6.91%. Armada Hoffler Properties’s payout ratio is presently 911.11%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Armada Hoffler Properties in a report on Monday, July 15th. They issued a “buy” rating and a $12.75 price objective for the company. Jefferies Financial Group cut Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their price objective for the company from $13.00 to $11.00 in a report on Monday, July 15th. Finally, StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Thursday, August 29th.

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.