Cubist Systematic Strategies LLC Buys Shares of 55,779 Armada Hoffler Properties, Inc. (NYSE:AHH)

Cubist Systematic Strategies LLC purchased a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,779 shares of the real estate investment trust’s stock, valued at approximately $619,000. Cubist Systematic Strategies LLC owned 0.06% of Armada Hoffler Properties at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Armada Hoffler Properties by 70.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock valued at $1,191,000 after buying an additional 47,377 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Armada Hoffler Properties by 9.4% in the first quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock valued at $10,098,000 after buying an additional 83,500 shares during the period. Vanguard Group Inc. increased its stake in shares of Armada Hoffler Properties by 0.8% in the first quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after buying an additional 65,300 shares during the period. Sei Investments Co. increased its stake in shares of Armada Hoffler Properties by 2.7% in the first quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock valued at $2,437,000 after buying an additional 6,236 shares during the period. Finally, Algert Global LLC increased its stake in shares of Armada Hoffler Properties by 858.2% in the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after buying an additional 126,051 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insider Buying and Selling at Armada Hoffler Properties

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

Armada Hoffler Properties Trading Up 1.0 %

Shares of Armada Hoffler Properties stock opened at $10.91 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 50 day moving average price of $11.61 and a two-hundred day moving average price of $11.26. The stock has a market capitalization of $968.62 million, a PE ratio of 121.22 and a beta of 1.03.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were paid a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.52%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 911.11%.

Wall Street Analysts Forecast Growth

AHH has been the subject of several recent analyst reports. StockNews.com raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Stifel Nicolaus decreased their target price on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a research note on Friday, September 27th. Finally, Jefferies Financial Group cut Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.00 to $11.00 in a research note on Monday, July 15th.

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.