GSA Capital Partners LLP Buys Shares of 106,735 Armada Hoffler Properties, Inc. (NYSE:AHH)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of AHH. State Board of Administration of Florida Retirement System lifted its holdings in Armada Hoffler Properties by 70.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 47,377 shares during the period. Vanguard Group Inc. lifted its stake 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 worth $80,679,000 after purchasing an additional 65,300 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Armada Hoffler Properties during the second quarter valued at about $619,000. Sei Investments Co. boosted its position in Armada Hoffler Properties by 2.7% during the first quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock valued at $2,437,000 after purchasing an additional 6,236 shares in the last quarter. Finally, Algert Global LLC grew its stake in Armada Hoffler Properties by 858.2% in the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after purchasing an additional 126,051 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AHH has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This trade represents a 19.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel A. Hoffler bought 95,238 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $10.50 per share, with a total value of $999,999.00. Following the completion of the transaction, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This trade represents a 55.56 % 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 company insiders.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $10.87 on Friday. Armada Hoffler Properties, Inc. has a fifty-two week low of $10.02 and a fifty-two week high of $13.11. The company has a market cap of $973.30 million, a PE ratio of -51.76 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.49 and a current ratio of 7.17. The business has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $11.35.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS 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 company had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same quarter last year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.26 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. Investors of record on Wednesday, September 25th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is -390.46%.

Armada Hoffler Properties 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.