Quest Partners LLC Increases Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Quest Partners LLC increased its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 378.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 61,806 shares of the real estate investment trust’s stock after purchasing an additional 48,891 shares during the quarter. Quest Partners LLC’s holdings in Armada Hoffler Properties were worth $669,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Board of Administration of Florida Retirement System raised its position in shares of Armada Hoffler Properties by 70.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 47,377 shares during the period. Vanguard Group Inc. lifted its holdings in Armada Hoffler Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after buying an additional 65,300 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Armada Hoffler Properties in the second quarter valued at about $619,000. Sei Investments Co. boosted its stake in shares of Armada Hoffler Properties by 2.7% during the 1st quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock valued at $2,437,000 after buying an additional 6,236 shares during the last quarter. Finally, Algert Global LLC boosted its stake in Armada Hoffler Properties by 858.2% during the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after acquiring an additional 126,051 shares during the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Armada Hoffler Properties

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

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $11.07 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The firm has a market capitalization of $1.12 billion, a PE ratio of -52.71 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11. The business’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $11.37.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data 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 period last year, the business earned $0.31 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. On average, research analysts expect that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed 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 7.41%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.46%.

Analyst Upgrades and Downgrades

AHH has been the topic of a number of research analyst reports. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus increased their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

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.