Los Angeles Capital Management LLC Makes New $292,000 Investment in Armada Hoffler Properties, Inc. (NYSE:AHH)

Los Angeles Capital Management LLC acquired a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,970 shares of the real estate investment trust’s stock, valued at approximately $292,000.

Several other large investors have also modified their holdings of AHH. Point72 DIFC Ltd acquired a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at about $55,000. Quarry LP boosted its stake 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 worth $65,000 after acquiring an additional 4,790 shares during the last quarter. Van ECK Associates Corp boosted its stake in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 1,251 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in Armada Hoffler Properties by 261.2% during the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 9,339 shares during the last quarter. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Trading Up 1.0 %

Armada Hoffler Properties stock opened at $10.98 on Monday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -52.28 and a beta of 1.03. The firm has a 50-day moving average of $11.23 and a 200-day moving average of $11.37. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.49. Armada Hoffler Properties, Inc. has a one year low of $10.02 and a one year high of $13.11.

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

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently -390.46%.

Insider Activity

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

Analyst Ratings Changes

A number of equities research analysts recently commented 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 target price on 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.