D.A. Davidson & CO. Has $1.80 Million Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

D.A. Davidson & CO. raised its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,982 shares of the real estate investment trust’s stock after buying an additional 16,483 shares during the quarter. D.A. Davidson & CO. owned 0.19% of Armada Hoffler Properties worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHH. Van ECK Associates Corp raised its position in shares of Armada Hoffler Properties by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after acquiring an additional 1,251 shares during the period. Daiwa Securities Group Inc. raised its holdings in Armada Hoffler Properties by 6.3% in the third quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 1,316 shares during the period. abrdn plc boosted its position in shares of Armada Hoffler Properties by 10.5% during the third quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 1,322 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Armada Hoffler Properties by 1.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock valued at $1,053,000 after buying an additional 1,642 shares during the period. Finally, Cetera Advisors LLC increased its position in shares of Armada Hoffler Properties by 15.0% in the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,872 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. The trade was a 19.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel A. Hoffler bought 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, for a total transaction of $999,999.00. Following the acquisition, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by insiders.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $11.05 on Friday. The company has a fifty day moving average price of $11.05 and a 200 day moving average price of $11.36. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11. The firm has a market cap of $1.12 billion, a PE ratio of -52.62 and a beta of 1.03. 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 (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The firm had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 7.42%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is -390.48%.

Analyst Ratings Changes

A number of research analysts have issued reports on AHH shares. StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report 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.