ClearAlpha Technologies LP Purchases New Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

ClearAlpha Technologies LP acquired a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,894 shares of the real estate investment trust’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AHH. Vanguard Group Inc. lifted its position in 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 worth $80,679,000 after acquiring an additional 65,300 shares in the last quarter. FMR LLC raised its stake in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after purchasing an additional 140,964 shares during the period. Vision Capital Corp acquired a new position in shares of Armada Hoffler Properties during the third quarter worth $11,913,000. Mesirow Institutional Investment Management Inc. lifted its position in shares of Armada Hoffler Properties by 0.9% during the second quarter. Mesirow Institutional Investment Management Inc. now owns 1,058,787 shares of the real estate investment trust’s stock worth $11,742,000 after purchasing an additional 9,599 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Armada Hoffler Properties by 6.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 483,680 shares of the real estate investment trust’s stock valued at $5,238,000 after purchasing an additional 29,977 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Daniel A. Hoffler purchased 95,238 shares of Armada Hoffler Properties stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the transaction, the director now owns 266,647 shares in the company, valued at $2,799,793.50. This represents a 55.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dennis H. Gartman acquired 4,500 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 27,149 shares in the company, valued at approximately $294,566.65. The trade was a 19.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AHH shares. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price target 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 Stock Up 0.3 %

Shares of NYSE:AHH opened at $11.08 on Tuesday. The firm has a market cap of $1.12 billion, a PE ratio of -52.76 and a beta of 1.03. The company has a fifty day simple moving average of $11.05 and a 200 day simple moving average of $11.35. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a 12-month low of $10.02 and a 12-month high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. During the same period in the previous year, the firm posted $0.31 EPS. Armada Hoffler Properties’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders 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 7.40%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is presently -390.46%.

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.