Nisa Investment Advisors LLC Sells 3,919 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Nisa Investment Advisors LLC trimmed its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 16.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,909 shares of the real estate investment trust’s stock after selling 3,919 shares during the period. Nisa Investment Advisors LLC’s holdings in Armada Hoffler Properties were worth $220,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Armada Hoffler Properties by 70.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock worth $1,191,000 after acquiring an additional 47,377 shares in the last quarter. First Eagle Investment Management LLC raised its position in Armada Hoffler Properties by 9.4% in the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after purchasing an additional 83,500 shares during the period. Vanguard Group Inc. raised its position in Armada Hoffler Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after purchasing an additional 65,300 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Armada Hoffler Properties during the second quarter valued at about $619,000. Finally, Sei Investments Co. grew its stake in shares of Armada Hoffler Properties by 2.7% during the first quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock valued at $2,437,000 after buying an additional 6,236 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Armada Hoffler Properties stock opened at $11.24 on Thursday. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11. The firm has a market cap of $1.01 billion, a P/E ratio of -276.68 and a beta of 1.03. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44. The firm has a 50-day moving average of $11.40 and a 200-day moving average of $11.34.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The business had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a return on equity of 1.26% and a net margin of 1.10%. Armada Hoffler Properties’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.25 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The business 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 of this dividend was Wednesday, September 25th. This represents a $0.82 annualized dividend and a yield of 7.30%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -2,049.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AHH shares. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their target price for the stock from $13.00 to $11.00 in a report on Monday, July 15th.

Insider Transactions at Armada Hoffler Properties

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

Armada Hoffler Properties Profile

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.