Daiwa Securities Group Inc. Raises Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Daiwa Securities Group Inc. raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.3% in the third quarter, Holdings Channel.com reports. The firm owned 22,272 shares of the real estate investment trust’s stock after buying an additional 1,316 shares during the period. Daiwa Securities Group Inc.’s holdings in Armada Hoffler Properties were worth $241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at approximately $46,000. KBC Group NV increased its stake in shares of Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Armada Hoffler Properties in the second quarter valued at $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 valued at $65,000 after acquiring an additional 4,790 shares during the last quarter. Finally, Versor Investments LP acquired a new position in Armada Hoffler Properties during the 3rd quarter worth $108,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

AHH has been the topic of several research analyst reports. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Stock Down 0.4 %

Shares of Armada Hoffler Properties stock opened at $11.05 on Monday. Armada Hoffler Properties, Inc. has a twelve month low of $10.02 and a twelve month high of $13.11. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -52.62 and a beta of 1.03. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The business’s 50 day simple moving average is $11.05 and its 200-day simple moving average is $11.36.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same period last year, the firm posted $0.31 EPS. The business’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued 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 7.42%. Armada Hoffler Properties’s payout ratio is -390.46%.

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.