Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 4.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 53,300 shares of the real estate investment trust’s stock after selling 2,380 shares during the period. Thrivent Financial for Lutherans’ holdings in Armada Hoffler Properties were worth $577,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. KBC Group NV grew its holdings in Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,962 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $1,156,000. Versor Investments LP acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $108,000. Los Angeles Capital Management LLC acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $292,000. Finally, M&G PLC acquired a new stake in Armada Hoffler Properties during the 3rd quarter valued at $188,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Daniel A. Hoffler acquired 95,238 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This trade represents a 55.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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, for a total transaction of $48,825.00. Following the completion of the transaction, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. The trade was a 19.87 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Armada Hoffler Properties Price Performance

AHH stock opened at $11.00 on Thursday. Armada Hoffler Properties, Inc. has a 52-week low of $10.02 and a 52-week high of $13.11. The stock’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $11.35. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -52.31 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results 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). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The firm had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same quarter in the previous year, the business posted $0.31 EPS. Armada Hoffler Properties’s revenue was up 9.1% compared to the same quarter last year. Equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -390.46%.

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.