32,987 Shares in Armada Hoffler Properties, Inc. (NYSE:AHH) Bought by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,987 shares of the real estate investment trust’s stock, valued at approximately $357,000.

A number of other hedge funds have also recently added to or reduced their stakes in AHH. Great Lakes Advisors LLC acquired a new position in Armada Hoffler Properties during the second quarter worth $2,961,000. Seven Grand Managers LLC acquired a new stake in Armada Hoffler Properties during the third quarter worth about $1,451,000. Mesirow Institutional Investment Management Inc. increased its position in Armada Hoffler Properties by 14.2% during the first quarter. Mesirow Institutional Investment Management Inc. now owns 1,049,188 shares of the real estate investment trust’s stock worth $10,912,000 after purchasing an additional 130,497 shares during the last quarter. Algert Global LLC increased its position in Armada Hoffler Properties by 858.2% during the second 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 during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Armada Hoffler Properties by 9.4% during the first 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 during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Armada Hoffler Properties

In related news, Director Daniel A. Hoffler acquired 95,238 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were bought at an average price 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel A. Hoffler bought 95,238 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the acquisition, the director now directly owns 266,647 shares in the company, valued at approximately $2,799,793.50. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is owned by corporate insiders.

Armada Hoffler Properties Stock Up 0.3 %

NYSE:AHH traded up $0.03 during mid-day trading on Friday, hitting $11.20. The stock had a trading volume of 129,773 shares, compared to its average volume of 471,758. The stock has a 50-day simple moving average of $11.59 and a two-hundred day simple moving average of $11.27. The company has a market capitalization of $994.37 million, a PE ratio of 124.11 and a beta of 1.03. Armada Hoffler Properties, Inc. has a twelve month low of $9.81 and a twelve month high of $13.11. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 annualized dividend and a yield of 7.32%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 911.11%.

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.