Armada Hoffler Properties, Inc. (NYSE:AHH) Stake Increased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,765,811 shares of the real estate investment trust’s stock after buying an additional 56,777 shares during the quarter. Geode Capital Management LLC’s holdings in Armada Hoffler Properties were worth $19,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in Armada Hoffler Properties by 73.9% in the 3rd quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock valued at $2,329,000 after buying an additional 91,461 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Armada Hoffler Properties by 37.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 42,459 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 11,465 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Armada Hoffler Properties by 85.3% in the third quarter. Stifel Financial Corp now owns 21,062 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 9,696 shares during the last quarter. Maven Securities LTD purchased a new stake in shares of Armada Hoffler Properties during the third quarter worth $1,305,000. Finally, ClearAlpha Technologies LP acquired a new stake in Armada Hoffler Properties during the third quarter valued at $248,000. 66.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on AHH shares. Stifel Nicolaus upped their target price 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 cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Trading Down 0.5 %

Armada Hoffler Properties stock opened at $10.06 on Friday. Armada Hoffler Properties, Inc. has a one year low of $9.94 and a one year high of $12.69. The company’s fifty day moving average price is $10.87 and its two-hundred day moving average price is $11.27. 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 company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -47.90 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS 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 company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. During the same period in the prior year, the company posted $0.31 EPS. The business’s revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th will be issued a dividend of $0.205 per share. The ex-dividend date is Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.15%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.48%.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 19.87 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.