Versor Investments LP Buys Shares of 10,000 Armada Hoffler Properties, Inc. (NYSE:AHH)

Versor Investments LP bought a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $108,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new position in Armada Hoffler Properties in the third quarter valued at about $292,000. M&G PLC purchased a new position in Armada Hoffler Properties in the third quarter valued at about $188,000. Asset Management One Co. Ltd. increased its holdings in Armada Hoffler Properties by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 1,642 shares in the last quarter. Van ECK Associates Corp increased its holdings in Armada Hoffler Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 1,251 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Armada Hoffler Properties by 6.0% in the third quarter. New York State Teachers Retirement System now owns 94,895 shares of the real estate investment trust’s stock valued at $1,028,000 after buying an additional 5,408 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction 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 acquisition, the director now directly owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel A. Hoffler purchased 95,238 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was bought at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the acquisition, the director now owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is owned by company insiders.

Armada Hoffler Properties Stock Up 1.0 %

Shares of NYSE AHH opened at $10.98 on Monday. Armada Hoffler Properties, Inc. has a 1 year low of $10.02 and a 1 year high of $13.11. The firm’s 50 day moving average price is $11.23 and its 200 day moving average price is $11.37. The firm has a market cap of $1.11 billion, a P/E ratio of -52.28 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.49 and a current ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a dividend of $0.205 per share. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.47%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -390.46%.

Wall Street Analyst Weigh In

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

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.