State Street Corp Grows Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

State Street Corp raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,648,511 shares of the real estate investment trust’s stock after purchasing an additional 6,319 shares during the quarter. State Street Corp’s holdings in Armada Hoffler Properties were worth $40,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Vision Capital Corp bought a new position in Armada Hoffler Properties in the 3rd quarter worth about $11,913,000. Great Lakes Advisors LLC purchased a new stake in Armada Hoffler Properties in the 2nd quarter worth approximately $2,961,000. FMR LLC boosted its holdings in Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after purchasing an additional 140,964 shares during the period. Seven Grand Managers LLC bought a new position in shares of Armada Hoffler Properties in the third quarter worth $1,451,000. Finally, Algert Global LLC raised its position 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 worth $1,561,000 after buying an additional 126,051 shares in the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AHH shares. Stifel Nicolaus boosted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Stock Down 0.2 %

Shares of NYSE:AHH opened at $10.25 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of -48.81 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. Armada Hoffler Properties, Inc. has a 52-week low of $10.02 and a 52-week high of $12.94. The firm has a fifty day moving average of $10.98 and a 200 day moving average of $11.30.

Armada Hoffler Properties (NYSE:AHH) last issued its 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). The firm had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. As a group, research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date of this dividend is Thursday, December 26th. Armada Hoffler Properties’s payout ratio is currently -390.48%.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $10.50 per share, with a total value of $999,999.00. Following the acquisition, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 104,238 shares of company stock worth $1,097,649. 11.90% of the stock is currently owned by corporate insiders.

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.