Nisa Investment Advisors LLC Lowers Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Nisa Investment Advisors LLC lessened its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 16.4% during the third quarter, Holdings Channel.com reports. The firm owned 19,909 shares of the real estate investment trust’s stock after selling 3,919 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Armada Hoffler Properties were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AHH. Point72 DIFC Ltd purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Armada Hoffler Properties during the 2nd quarter valued at about $55,000. Quarry LP raised its holdings in Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 4,790 shares during the last quarter. ProShare Advisors LLC raised its holdings in 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 buying an additional 934 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in shares of Armada Hoffler Properties by 261.2% in the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 9,339 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 1.5 %

Shares of Armada Hoffler Properties stock opened at $11.24 on Thursday. Armada Hoffler Properties, Inc. has a twelve month low of $10.02 and a twelve month high of $13.11. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The company’s 50 day moving average is $11.40 and its 200 day moving average is $11.34. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -276.68 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a net margin of 1.10% and a return on equity of 1.26%. The firm had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.25 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The firm 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 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -2,049.49%.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel A. Hoffler purchased 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The stock was bought 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. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.