Intech Investment Management LLC Takes Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Intech Investment Management LLC purchased a new position in Armada Hoffler Properties, Inc. (NYSE:AHH) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,266 shares of the real estate investment trust’s stock, valued at approximately $169,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in shares of Armada Hoffler Properties by 7.4% during the first 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. Quest Partners LLC raised its stake in Armada Hoffler Properties by 261.2% during the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 9,339 shares in the last quarter. Cetera Advisors LLC raised its stake in Armada Hoffler Properties by 15.0% during the first quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,872 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Armada Hoffler Properties in the 1st quarter worth approximately $167,000. Finally, Naviter Wealth LLC bought a new stake in shares of Armada Hoffler Properties in the 1st quarter valued at approximately $206,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the transaction, the director now owns 21,486 shares in the company, valued at approximately $238,279.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.90% of the stock is owned by insiders.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $10.92 on Monday. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. The firm has a market capitalization of $969.51 million, a PE ratio of 121.33 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’s fifty day moving average price is $11.82 and its two-hundred day moving average price is $11.23.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.51%. The ex-dividend date of this dividend is Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is 911.11%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday. Jefferies Financial Group lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their price target for the company from $13.00 to $11.00 in a report on Monday, July 15th. Finally, StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th.

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.