Janney Montgomery Scott LLC Decreases Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Janney Montgomery Scott LLC decreased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 65.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 112,900 shares of the real estate investment trust’s stock after selling 216,124 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Armada Hoffler Properties were worth $1,223,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AHH. ProShare Advisors LLC increased its position in shares of Armada Hoffler Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 934 shares in the last quarter. abrdn plc increased its holdings in Armada Hoffler Properties by 10.5% in the 3rd quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,322 shares in the last quarter. Cetera Advisors LLC raised its position in Armada Hoffler Properties by 15.0% in the first quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 1,872 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Armada Hoffler Properties by 11.1% during the second quarter. The Manufacturers Life Insurance Company now owns 28,150 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 2,818 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Armada Hoffler Properties in the second quarter worth about $46,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AHH shares. Stifel Nicolaus raised their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $10.87 on Friday. The firm has a 50-day moving average of $11.25 and a two-hundred day moving average of $11.35. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.49. The stock has a market cap of $973.30 million, a P/E ratio of -51.76 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The business had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, research analysts expect that Armada Hoffler Properties, Inc. will post 1.26 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Insider Buying and Selling

In related news, Director Daniel A. Hoffler acquired 95,238 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the acquisition, the director now directly owns 266,647 shares in the company, valued at approximately $2,799,793.50. The trade was a 55.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now owns 27,149 shares in the company, valued at approximately $294,566.65. This represents a 19.87 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Company 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.