Armada Hoffler Properties (NYSE:AHH) Shares Gap Up on Insider Buying Activity

Armada Hoffler Properties, Inc. (NYSE:AHH)’s stock price gapped up before the market opened on Tuesday following insider buying activity. The stock had previously closed at $10.83, but opened at $11.12. Armada Hoffler Properties shares last traded at $10.80, with a volume of 113,059 shares traded.

Specifically, Director Daniel A. Hoffler purchased 95,238 shares of the stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now owns 266,647 shares of the company’s stock, valued at $2,799,793.50. The purchase was disclosed in a filing with the SEC, which is available through this link.

Analysts Set New Price Targets

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

Armada Hoffler Properties Trading Up 0.1 %

The business has a fifty day moving average of $11.80 and a 200-day moving average of $11.24. The stock has a market capitalization of $962.41 million, a price-to-earnings ratio of 120.28 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.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently 911.11%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in Armada Hoffler Properties in the 2nd quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Armada Hoffler Properties in the 2nd quarter worth about $55,000. Quarry LP increased its stake in Armada Hoffler Properties by 446.4% in the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 4,790 shares in the last quarter. ProShare Advisors LLC increased its stake in Armada Hoffler Properties by 7.4% in 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 in the last quarter. Finally, Quest Partners LLC increased its stake in Armada Hoffler Properties by 261.2% in the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 9,339 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Company Profile

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.