Public Sector Pension Investment Board Purchases 7,732 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Public Sector Pension Investment Board lifted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,601 shares of the real estate investment trust’s stock after purchasing an additional 7,732 shares during the period. Public Sector Pension Investment Board’s holdings in Armada Hoffler Properties were worth $1,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Intrinsic Edge Capital Management LLC purchased a new stake in Armada Hoffler Properties in the 4th quarter valued at about $333,000. Adams Asset Advisors LLC purchased a new stake in shares of Armada Hoffler Properties during the first quarter valued at approximately $329,000. Allspring Global Investments Holdings LLC lifted its holdings in Armada Hoffler Properties by 4.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 293,440 shares of the real estate investment trust’s stock worth $3,052,000 after acquiring an additional 13,570 shares during the period. Naviter Wealth LLC bought a new stake in Armada Hoffler Properties during the first quarter worth $206,000. Finally, New York State Teachers Retirement System boosted its position in Armada Hoffler Properties by 6.6% in the first quarter. New York State Teachers Retirement System now owns 102,927 shares of the real estate investment trust’s stock worth $1,070,000 after purchasing an additional 6,343 shares during the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.83 on Tuesday. Armada Hoffler Properties, Inc. has a 1 year low of $9.81 and a 1 year high of $13.11. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The stock’s fifty day moving average price is $11.80 and its two-hundred day moving average price is $11.24. The firm has a market cap of $961.08 million, a PE ratio of 120.28 and a beta of 1.04.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 7.58%. The ex-dividend date is Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 911.11%.

Wall Street Analysts Forecast Growth

AHH has been the topic of a number of recent analyst reports. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Stifel Nicolaus decreased their price objective on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday. Finally, Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their target price for the company from $13.00 to $11.00 in a research note on Monday, July 15th.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Daniel A. Hoffler purchased 95,238 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the purchase, the director now owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the purchase, the director now owns 266,647 shares of the company’s stock, valued at $2,799,793.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the transaction, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The disclosure for this purchase can be found here. Insiders acquired 100,598 shares of company stock worth $1,059,459 over the last quarter. 11.90% of the stock is currently owned by company insiders.

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.