Insider Buying: Armada Hoffler Properties, Inc. (NYSE:AHH) Director Purchases 4,500 Shares of Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of $11.09 per share, with a total value of $49,905.00. Following the transaction, the director now owns 21,486 shares in the company, valued at $238,279.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Armada Hoffler Properties Stock Performance

NYSE:AHH traded up $0.31 during mid-day trading on Thursday, reaching $11.36. The company’s stock had a trading volume of 482,052 shares, compared to its average volume of 429,003. Armada Hoffler Properties, Inc. has a 12-month low of $9.81 and a 12-month high of $13.11. The firm’s fifty day moving average price is $11.15 and its two-hundred day moving average price is $11.18. The company has a current ratio of 9.54, a quick ratio of 9.54 and a debt-to-equity ratio of 2.41. The stock has a market cap of $1.01 billion, a P/E ratio of 122.74 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Thursday, May 9th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). Armada Hoffler Properties had a return on equity of 2.96% and a net margin of 2.76%. The business had revenue of $61.88 million during the quarter, compared to analysts’ expectations of $61.55 million. On average, equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.25 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.22%. Armada Hoffler Properties’s dividend payout ratio is currently 911.21%.

Analysts Set New Price Targets

Separately, StockNews.com raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

Institutional Investors Weigh In On Armada Hoffler Properties

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in shares of Armada Hoffler Properties by 224.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,853 shares during the period. Van ECK Associates Corp grew its stake in shares of Armada Hoffler Properties by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,552 shares during the period. ProShare Advisors LLC grew its stake 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 valued at $141,000 after purchasing an additional 934 shares during the period. Cetera Advisors LLC grew its stake 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 valued at $149,000 after purchasing an additional 1,872 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Armada Hoffler Properties during the 1st quarter valued at approximately $167,000. 66.35% of the stock is currently 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.