Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 8.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,932,663 shares of the real estate investment trust’s stock after buying an additional 158,625 shares during the quarter. Franklin Resources Inc. owned approximately 1.91% of Armada Hoffler Properties worth $20,989,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Armada Hoffler Properties by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock valued at $19,127,000 after purchasing an additional 56,777 shares in the last quarter. Barclays PLC grew its position in shares of Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock valued at $2,329,000 after purchasing an additional 91,461 shares during the period. Y Intercept Hong Kong Ltd lifted its position in shares of Armada Hoffler Properties by 37.0% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,459 shares of the real estate investment trust’s stock valued at $460,000 after acquiring an additional 11,465 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Armada Hoffler Properties by 85.3% in the third quarter. Stifel Financial Corp now owns 21,062 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 9,696 shares in the last quarter. Finally, Maven Securities LTD acquired a new stake in shares of Armada Hoffler Properties in the third quarter worth approximately $1,305,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $10.27 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -48.90 and a beta of 1.03. The business has a 50-day moving average of $10.98 and a 200 day moving average of $11.30. Armada Hoffler Properties, Inc. has a 12 month low of $10.02 and a 12 month high of $13.09.

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 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 for the quarter, compared to analyst estimates of $65.01 million. During the same period in the previous year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $0.82 annualized dividend and a yield of 7.98%. Armada Hoffler Properties’s dividend payout ratio is currently -390.48%.

Insider Activity

In related news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. The trade was a 16.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel A. Hoffler purchased 95,238 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now owns 266,647 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders purchased 104,238 shares of company stock worth $1,097,649. Corporate insiders own 11.90% of the company’s stock.

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.