Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,400 shares of the real estate investment trust’s stock after selling 2,200 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.09% of Armada Hoffler Properties worth $903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in Armada Hoffler Properties during the second quarter valued at $46,000. KBC Group NV lifted its stake in Armada Hoffler Properties by 66.0% in the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 1,962 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Armada Hoffler Properties in the 2nd quarter valued at about $55,000. Quarry LP increased its stake in Armada Hoffler Properties by 446.4% during the 2nd quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 4,790 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Armada Hoffler Properties during the third quarter valued at approximately $108,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average cost of $10.50 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders have purchased a total of 104,238 shares of company stock worth $1,097,649 in the last quarter. Company insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AHH. Stifel Nicolaus lifted their price target on 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 cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

Armada Hoffler Properties Stock Up 0.4 %

AHH stock opened at $10.92 on Friday. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average of $11.00 and a two-hundred day moving average of $11.32. Armada Hoffler Properties, Inc. has a 12 month low of $10.02 and a 12 month high of $13.11. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -52.00 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly 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). The company had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. Armada Hoffler Properties’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. As a group, analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

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.