Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 65.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,900 shares of the real estate investment trust’s stock after selling 216,124 shares during the period. Janney Montgomery Scott LLC owned approximately 0.13% of Armada Hoffler Properties worth $1,223,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Point72 DIFC Ltd acquired a new stake in shares of Armada Hoffler Properties during the 2nd quarter valued at approximately $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Armada Hoffler Properties during the second quarter worth $55,000. Quarry LP boosted its position in Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 4,790 shares in the last quarter. Quest Partners LLC grew its holdings in Armada Hoffler Properties by 261.2% in the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 9,339 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Armada Hoffler Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insider Transactions at Armada Hoffler Properties

In related news, 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 cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the transaction, the director now owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. The trade was a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. The trade was a 19.87 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

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

Armada Hoffler Properties Trading Down 1.4 %

Armada Hoffler Properties stock opened at $10.87 on Friday. The stock has a 50-day moving average price of $11.25 and a 200 day moving average price of $11.35. Armada Hoffler Properties, Inc. has a 52 week low of $10.02 and a 52 week high of $13.11. The stock has a market cap of $973.30 million, a PE ratio of -51.76 and a beta of 1.03. The company has a current ratio of 7.17, a quick ratio of 7.49 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 for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The firm had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.26 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is presently -390.46%.

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.