Versor Investments LP Takes Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Versor Investments LP bought a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and 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 have also made changes to their positions in the business. Point72 DIFC Ltd purchased a new stake in Armada Hoffler Properties during the 2nd quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Armada Hoffler Properties during the 2nd quarter worth $55,000. Quarry LP increased its stake in Armada Hoffler Properties by 446.4% during the 2nd 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 period. Van ECK Associates Corp increased its stake in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 1,251 shares during the period. Finally, Quest Partners LLC increased its stake in Armada Hoffler Properties by 261.2% during the 2nd 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 during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Price Performance

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 company has a 50-day moving average of $11.23 and a 200-day moving average of $11.37. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.49 and a current ratio of 7.17. The company has a market capitalization of $1.11 billion, a P/E ratio of -52.28 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted 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 net margin of 1.01% and a negative return on equity of 1.18%. The business had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same period last year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal 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 issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.46%.

Analyst Ratings Changes

Several research firms have recently weighed in on AHH. Stifel Nicolaus boosted their target price on shares of 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 downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Insider Activity

In other news, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now directly owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. This trade represents a 55.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

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.