Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC raised its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,207 shares of the real estate investment trust’s stock after purchasing an additional 8,104 shares during the quarter. Inspire Investing LLC’s holdings in Armada Hoffler Properties were worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. FMR LLC increased its stake in Armada Hoffler Properties by 6.4% during the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after purchasing an additional 140,964 shares in the last quarter. Franklin Resources Inc. increased its stake in Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after purchasing an additional 158,625 shares in the last quarter. Geode Capital Management LLC increased its stake in Armada Hoffler Properties by 3.3% during 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. Vision Capital Corp acquired a new position in Armada Hoffler Properties during the 3rd quarter valued at approximately $11,913,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Armada Hoffler Properties by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after acquiring an additional 97,642 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH opened at $9.86 on Friday. The company’s fifty day moving average price is $10.42 and its 200 day moving average price is $11.11. Armada Hoffler Properties, Inc. has a 1 year low of $9.26 and a 1 year high of $12.46. The company has a market capitalization of $998.90 million, a PE ratio of -46.93 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $68.60 million for the quarter, compared to analysts’ expectations of $65.01 million. During the same period last year, the company posted $0.31 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date was Thursday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.46%.

Analysts Set New Price Targets

Several analysts have recently commented on AHH shares. Stifel Nicolaus upped their price objective on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th. StockNews.com downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd.

Insider Buying and Selling

In related news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now owns 31,649 shares of the company’s stock, valued at approximately $343,391.65. The trade was a 16.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 11.90% of the stock is currently owned by insiders.

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.