Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its stake in Armada Hoffler Properties, Inc. (NYSE:AHHFree Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 154,697 shares of the real estate investment trust’s stock after selling 11,590 shares during the quarter. Allianz Asset Management GmbH owned 0.17% of Armada Hoffler Properties worth $1,914,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AHH. Knights of Columbus Asset Advisors LLC lifted its holdings in Armada Hoffler Properties by 94.6% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 346,559 shares of the real estate investment trust’s stock valued at $4,287,000 after acquiring an additional 168,426 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Armada Hoffler Properties by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock valued at $19,193,000 after purchasing an additional 124,204 shares during the period. Invesco Ltd. boosted its holdings in Armada Hoffler Properties by 11.8% during the third quarter. Invesco Ltd. now owns 1,138,976 shares of the real estate investment trust’s stock worth $11,663,000 after buying an additional 120,132 shares in the last quarter. First Eagle Investment Management LLC grew its position in Armada Hoffler Properties by 8.9% during the fourth quarter. First Eagle Investment Management LLC now owns 887,431 shares of the real estate investment trust’s stock valued at $10,978,000 after buying an additional 72,625 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in Armada Hoffler Properties in the fourth quarter valued at $417,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $10.37 per share, with a total value of $46,665.00. Following the completion of the acquisition, the director now directly owns 12,005 shares of the company’s stock, valued at $124,491.85. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Armada Hoffler Properties news, insider Eric E. Apperson sold 40,000 shares of Armada Hoffler Properties stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $11.59, for a total transaction of $463,600.00. Following the sale, the insider now owns 53,867 shares of the company’s stock, valued at approximately $624,318.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $10.37 per share, with a total value of $46,665.00. Following the completion of the transaction, the director now directly owns 12,005 shares of the company’s stock, valued at $124,491.85. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,129 shares of company stock valued at $74,291. 11.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Read Our Latest Report on AHH

Armada Hoffler Properties Stock Down 1.9 %

Armada Hoffler Properties stock opened at $10.93 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 9.54 and a quick ratio of 9.54. The stock has a market capitalization of $970.37 million, a PE ratio of 121.46 and a beta of 1.02. The business has a 50 day simple moving average of $10.90 and a 200-day simple moving average of $11.31. Armada Hoffler Properties, Inc. has a 12 month low of $9.81 and a 12 month high of $13.11.

Armada Hoffler Properties (NYSE:AHHGet Free Report) last posted its quarterly earnings data 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 company had revenue of $61.88 million for the quarter, compared to analyst estimates of $61.55 million. On average, analysts anticipate that Armada Hoffler Properties, Inc. will post 1.24 EPS for the current fiscal year.

Armada Hoffler Properties Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armada Hoffler Properties, Inc. (NYSE:AHHFree Report).

Institutional Ownership by Quarter for Armada Hoffler Properties (NYSE:AHH)

Receive News & Ratings for Armada Hoffler Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties and related companies with MarketBeat.com's FREE daily email newsletter.