Rhumbline Advisers Reduces Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Rhumbline Advisers cut its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 218,757 shares of the real estate investment trust’s stock after selling 7,853 shares during the quarter. Rhumbline Advisers’ holdings in Armada Hoffler Properties were worth $2,426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC increased its holdings in Armada Hoffler Properties by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 934 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Armada Hoffler Properties by 8.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,637 shares during the last quarter. Cetera Advisors LLC increased its holdings in Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,872 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Armada Hoffler Properties by 224.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,853 shares in the last quarter. Finally, Inspire Investing LLC grew its position in shares of Armada Hoffler Properties by 11.7% in the 1st quarter. Inspire Investing LLC now owns 34,565 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 3,629 shares in the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the transaction, the director now directly owns 21,486 shares of the company’s stock, valued at approximately $238,279.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

AHH has been the subject of several research reports. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Stifel Nicolaus initiated coverage on Armada Hoffler Properties in a research report on Monday, July 15th. They issued a “buy” rating and a $12.75 target price for the company. Finally, Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.00 to $11.00 in a research report on Monday, July 15th.

Armada Hoffler Properties Trading Up 0.2 %

NYSE:AHH opened at $12.08 on Thursday. Armada Hoffler Properties, Inc. has a 12-month low of $9.81 and a 12-month high of $13.11. The firm has a market capitalization of $1.07 billion, a P/E ratio of 134.22 and a beta of 1.04. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The business has a 50 day simple moving average of $11.79 and a 200 day simple moving average of $11.16.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th will be given a dividend of $0.205 per share. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 6.79%. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.