Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Buys $48,825.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average price 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 represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Armada Hoffler Properties Trading Up 0.7 %

Shares of AHH stock opened at $10.84 on Monday. The stock has a fifty day simple moving average of $11.72 and a two-hundred day simple moving average of $11.25. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11. The firm has a market capitalization of $962.41 million, a PE ratio of 120.44 and a beta of 1.03. 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 announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors 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 7.56%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Jefferies Financial Group cut Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $13.00 to $11.00 in a research 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 lowered their price target on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a report on Friday, September 27th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC purchased a new position in shares of Armada Hoffler Properties in the second quarter worth $2,961,000. Mesirow Institutional Investment Management Inc. increased its holdings in Armada Hoffler Properties by 14.2% in the 1st quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock valued at $10,912,000 after acquiring an additional 130,497 shares during the last quarter. Algert Global LLC lifted its stake in Armada Hoffler Properties by 858.2% in the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock worth $1,561,000 after purchasing an additional 126,051 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Armada Hoffler Properties by 9.4% in the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after purchasing an additional 83,500 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Armada Hoffler Properties by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after purchasing an additional 65,300 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other 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.