Daniel A. Hoffler Acquires 95,238 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Daniel A. Hoffler acquired 95,238 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was bought at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the purchase, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.93 on Wednesday. The company’s fifty day moving average is $11.78 and its 200-day moving average is $11.24. Armada Hoffler Properties, Inc. has a 12 month low of $9.81 and a 12 month high of $13.11. The firm has a market cap of $970.40 million, a price-to-earnings ratio of 121.44 and a beta of 1.04. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th will be paid a dividend of $0.205 per share. The ex-dividend date is Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 7.50%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 911.11%.

Analysts Set New Price Targets

AHH has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a research note on Friday, September 27th. Jefferies Financial Group lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.00 to $11.00 in a research note on Monday, July 15th. Finally, StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th.

Institutional Trading of Armada Hoffler Properties

Large investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth $55,000. Quarry LP boosted its holdings in shares of Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 4,790 shares during the period. Quest Partners LLC boosted its holdings in shares of Armada Hoffler Properties by 261.2% during the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 9,339 shares during the period. Finally, ProShare Advisors LLC boosted its holdings 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 worth $141,000 after buying an additional 934 shares during the period. 66.35% of the stock is 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.