Armada Hoffler Properties, Inc. (NYSE:AHH) Director Acquires $999,999.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) 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 cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now owns 266,647 shares in the company, valued at $2,799,793.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Armada Hoffler Properties Price Performance

NYSE:AHH opened at $10.93 on Wednesday. The company has a 50-day moving average of $11.78 and a 200-day moving average of $11.24. The company has a market capitalization of $970.40 million, a price-to-earnings ratio of 121.44 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 52 week low of $9.81 and a 52 week high of $13.11. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date of this dividend is Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is 911.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AHH. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price target for the company from $13.00 to $11.00 in a report on Monday, July 15th. StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus reduced their price target on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday, September 27th.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ProShare Advisors LLC lifted its holdings in shares of Armada Hoffler Properties by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 934 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Armada Hoffler Properties by 8.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 1,637 shares in the last quarter. Cetera Advisors LLC increased its position in shares of 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 worth $149,000 after purchasing an additional 1,872 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Armada Hoffler Properties by 11.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,150 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 2,818 shares in the last quarter. Finally, Inspire Investing LLC increased its position in shares of Armada Hoffler Properties by 11.7% during the 1st quarter. Inspire Investing LLC now owns 34,565 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 3,629 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.