First Eagle Investment Management LLC Lowers Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

First Eagle Investment Management LLC lowered its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 882,431 shares of the real estate investment trust’s stock after selling 88,500 shares during the period. First Eagle Investment Management LLC’s holdings in Armada Hoffler Properties were worth $9,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Armada Hoffler Properties by 8.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock worth $19,193,000 after acquiring an additional 124,204 shares during the period. Quadrant Capital Group LLC boosted its position in 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 purchasing an additional 2,853 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Armada Hoffler Properties during the 4th quarter worth approximately $409,000. D.A. Davidson & CO. grew its stake in shares of Armada Hoffler Properties by 4.8% during the 4th quarter. D.A. Davidson & CO. now owns 143,217 shares of the real estate investment trust’s stock worth $1,772,000 after purchasing an additional 6,509 shares during the period. Finally, AXS Investments LLC purchased a new position in shares of Armada Hoffler Properties during the 4th quarter valued at approximately $307,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of $11.09 per share, with a total value of $49,905.00. Following the purchase, the director now owns 21,486 shares of the company’s stock, valued at approximately $238,279.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Price Performance

Armada Hoffler Properties stock opened at $12.25 on Friday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 136.11 and a beta of 1.04. The company’s fifty day moving average price is $11.81 and its 200 day moving average price is $11.17. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49. Armada Hoffler Properties, Inc. has a 1 year low of $9.81 and a 1 year high of $13.11.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be given a $0.205 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 6.70%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 911.11%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Armada Hoffler Properties in a research report on Monday, July 15th. They set a “buy” rating and a $12.75 price target on the stock. StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their price target for the company from $13.00 to $11.00 in a research note on Monday, July 15th.

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.