Armada Hoffler Properties, Inc. (NYSE:AHH) Stock Position Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.6% during the third quarter, HoldingsChannel.com reports. The fund owned 1,067,261 shares of the real estate investment trust’s stock after selling 113,052 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Armada Hoffler Properties were worth $11,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Armada Hoffler Properties by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 90,142 shares of the real estate investment trust’s stock valued at $938,000 after acquiring an additional 6,158 shares during the period. Cetera Advisors LLC boosted its stake in Armada Hoffler Properties by 15.0% during the 1st 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. Wealth Enhancement Advisory Services LLC grew its position in Armada Hoffler Properties by 33.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 35,709 shares of the real estate investment trust’s stock worth $396,000 after purchasing an additional 8,994 shares during the last quarter. Murphy Pohlad Asset Management LLC bought a new position in Armada Hoffler Properties in the 2nd quarter worth about $273,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Armada Hoffler Properties by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,793 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 4,180 shares during the period. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.87 on Monday. The firm has a market capitalization of $1.10 billion, a PE ratio of -51.76 and a beta of 1.03. 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 firm has a 50-day moving average price of $10.99 and a 200 day moving average price of $11.33. Armada Hoffler Properties, Inc. has a 52-week low of $10.02 and a 52-week high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last released 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 return on equity of 1.18% and a negative net margin of 1.01%. The firm had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal 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 issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -390.48%.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Daniel A. Hoffler purchased 95,238 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the transaction, the director now owns 266,647 shares in the company, valued at $2,799,793.50. This represents a 55.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. This represents a 19.87 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.