Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 44.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,019 shares of the real estate investment trust’s stock after selling 29,067 shares during the quarter. Jane Street Group LLC’s holdings in Armada Hoffler Properties were worth $390,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of Armada Hoffler Properties during the 2nd quarter worth $46,000. KBC Group NV boosted its position 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 acquiring an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Armada Hoffler Properties in the second quarter valued at $55,000. Quarry LP lifted its position in Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 4,790 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Armada Hoffler Properties during the third quarter worth approximately $108,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Down 0.3 %

NYSE AHH opened at $9.92 on Wednesday. The stock has a market cap of $1.01 billion, a P/E ratio of -47.24 and a beta of 1.03. The company’s fifty day simple moving average is $10.75 and its 200-day simple moving average is $11.22. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a 52 week low of $9.81 and a 52 week high of $12.60.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The firm had revenue of $68.60 million during the quarter, compared to analyst estimates 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 business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 8.27%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.48%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.90% of the stock is owned by company 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.