GSA Capital Partners LLP Buys New Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

GSA Capital Partners LLP purchased a new position in Armada Hoffler Properties, Inc. (NYSE:AHH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 106,735 shares of the real estate investment trust’s stock, valued at approximately $1,156,000. GSA Capital Partners LLP owned approximately 0.12% of Armada Hoffler Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AHH. Great Lakes Advisors LLC purchased a new stake in shares of Armada Hoffler Properties in the second quarter worth about $2,961,000. Seven Grand Managers LLC bought a new stake in Armada Hoffler Properties in the 3rd quarter worth approximately $1,451,000. Algert Global LLC raised its holdings in shares of 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 worth $1,561,000 after acquiring an additional 126,051 shares in the last quarter. Vanguard Group Inc. boosted its position 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 acquiring an additional 65,300 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Armada Hoffler Properties by 24.1% in the second quarter. Sei Investments Co. now owns 290,852 shares of the real estate investment trust’s stock valued at $3,226,000 after purchasing an additional 56,486 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Daniel A. Hoffler acquired 95,238 shares of the company’s stock in a transaction that occurred 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 purchase, the director now directly owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, the director now directly owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Armada Hoffler Properties Trading Down 1.4 %

Shares of AHH opened at $10.87 on Friday. The company’s fifty day simple moving average is $11.25 and its 200-day simple moving average is $11.35. The company has a market cap of $973.30 million, a P/E ratio of -51.76 and a beta of 1.03. The company has a current ratio of 7.17, a quick ratio of 7.49 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a twelve month low of $10.02 and a twelve month high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last posted 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 analysts’ expectations of $65.01 million. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, analysts expect that Armada Hoffler Properties, Inc. will post 1.26 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 dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AHH. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on 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.