Janney Montgomery Scott LLC Purchases 16,558 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Janney Montgomery Scott LLC raised its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,458 shares of the real estate investment trust’s stock after purchasing an additional 16,558 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Armada Hoffler Properties were worth $1,324,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Armada Hoffler Properties by 3.3% in the third quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after buying an additional 56,777 shares during the period. FMR LLC increased its stake in shares of 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 acquiring an additional 140,964 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Armada Hoffler Properties by 18.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after acquiring an additional 97,642 shares during the period. HGI Capital Management LLC boosted its stake in Armada Hoffler Properties by 44.4% during the third 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. Finally, Barclays PLC grew its holdings in Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 91,461 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Price Performance

Armada Hoffler Properties stock opened at $9.69 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. Armada Hoffler Properties, Inc. has a one year low of $9.26 and a one year high of $12.46. The firm has a market capitalization of $981.67 million, a P/E ratio of -46.12 and a beta of 1.03. The business has a fifty day moving average price of $10.24 and a 200-day moving average price of $11.02.

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

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were given a $0.205 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 annualized dividend and a yield of 8.47%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.46%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AHH shares. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Scotiabank began coverage on Armada Hoffler Properties in a research report on Tuesday, January 28th. They set a “sector perform” rating and a $11.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now owns 31,649 shares in the company, valued at $343,391.65. This represents a 16.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.