Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 19.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,103 shares of the real estate investment trust’s stock after purchasing an additional 6,096 shares during the quarter. Inspire Investing LLC’s holdings in Armada Hoffler Properties were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in Armada Hoffler Properties during the second quarter worth approximately $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Armada Hoffler Properties during the second quarter worth about $55,000. Quarry LP increased its stake in Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 4,790 shares during the last quarter. Quest Partners LLC raised its holdings in shares of 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 during the period. Finally, ProShare Advisors LLC lifted its stake in shares of 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 valued at $141,000 after purchasing an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AHH shares. StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Stifel Nicolaus cut their target price on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a research note on Friday, September 27th. Finally, Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their price target for the stock from $13.00 to $11.00 in a research report on Monday, July 15th.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now owns 27,149 shares in the company, valued at $294,566.65. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel A. Hoffler acquired 95,238 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were acquired at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the acquisition, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Armada Hoffler Properties Trading Up 0.4 %

AHH opened at $11.24 on Thursday. The firm has a market capitalization of $997.92 million, a P/E ratio of 124.89 and a beta of 1.03. The firm’s 50 day moving average is $11.59 and its 200-day moving average is $11.27. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were issued a $0.205 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.30%. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

About Armada Hoffler Properties

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.