Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 85.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,062 shares of the real estate investment trust’s stock after buying an additional 9,696 shares during the period. Stifel Financial Corp’s holdings in Armada Hoffler Properties were worth $228,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after purchasing an additional 140,964 shares in the last quarter. HGI Capital Management LLC raised its position in shares of Armada Hoffler Properties by 44.4% during the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after acquiring an additional 76,919 shares in the last quarter. Quest Partners LLC lifted its position in shares of Armada Hoffler Properties by 378.6% during the 3rd quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock worth $669,000 after buying an additional 48,891 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Armada Hoffler Properties in the second quarter valued at $619,000. Finally, Verition Fund Management LLC boosted its position in shares of Armada Hoffler Properties by 516.8% in the 3rd quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust’s stock valued at $1,586,000 after purchasing an additional 122,701 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.06 on Monday. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a 52-week low of $9.94 and a 52-week high of $12.69. The company has a 50-day simple moving average of $10.87 and a 200-day simple moving average of $11.27. The company has a market capitalization of $1.02 billion, a PE ratio of -47.90 and a beta of 1.03.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. Armada Hoffler Properties’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 earnings per share. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 8.15%. Armada Hoffler Properties’s payout ratio is -390.48%.

Analyst Upgrades and Downgrades

AHH has been the subject of a number of recent research reports. StockNews.com cut 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 research note on Tuesday, November 5th.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was acquired 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 31,649 shares in the company, valued at approximately $343,391.65. This represents a 16.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.90% of the stock is owned by corporate insiders.

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.