Amalgamated Bank Reduces Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Amalgamated Bank reduced its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,152 shares of the real estate investment trust’s stock after selling 1,681 shares during the period. Amalgamated Bank’s holdings in Armada Hoffler Properties were worth $223,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AHH. Intrinsic Edge Capital Management LLC purchased a new position in Armada Hoffler Properties in the fourth quarter valued at approximately $333,000. Adams Asset Advisors LLC purchased a new position in Armada Hoffler Properties in the first quarter valued at approximately $329,000. Allspring Global Investments Holdings LLC increased its stake in Armada Hoffler Properties by 4.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 293,440 shares of the real estate investment trust’s stock valued at $3,052,000 after purchasing an additional 13,570 shares during the last quarter. Naviter Wealth LLC purchased a new position in Armada Hoffler Properties in the first quarter valued at approximately $206,000. Finally, New York State Teachers Retirement System increased its stake in Armada Hoffler Properties by 6.6% in the first quarter. New York State Teachers Retirement System now owns 102,927 shares of the real estate investment trust’s stock valued at $1,070,000 after purchasing an additional 6,343 shares during the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $10.83 on Tuesday. The firm’s fifty day moving average price is $11.80 and its 200 day moving average price is $11.24. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The firm has a market cap of $961.08 million, a price-to-earnings ratio of 120.28 and a beta of 1.04.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date is Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 911.11%.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The stock was bought at an average price 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 in the company, valued at $2,799,793.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The stock was bought at an average price 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 in the company, valued at $2,799,793.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, July 10th. The stock was acquired at an average cost of $11.09 per share, with a total value of $49,905.00. Following the acquisition, the director now owns 21,486 shares of the company’s stock, valued at approximately $238,279.74. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 100,598 shares of company stock valued at $1,059,459. 11.90% of the stock is owned by company insiders.

Armada Hoffler Properties Profile

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.