Armada Hoffler Properties, Inc. (NYSE:AHH) Director Acquires $49,905.00 in Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the purchase, the director now owns 21,486 shares in the company, valued at approximately $238,279.74. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Armada Hoffler Properties Trading Up 2.8 %

NYSE:AHH traded up $0.31 during mid-day trading on Thursday, hitting $11.36. 482,052 shares of the company’s stock were exchanged, compared to its average volume of 429,003. The company has a 50 day simple moving average of $11.15 and a 200-day simple moving average of $11.18. The company has a current ratio of 9.54, a quick ratio of 9.54 and a debt-to-equity ratio of 2.41. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The firm has a market capitalization of $1.01 billion, a P/E ratio of 122.74 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Thursday, May 9th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate 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 business had revenue of $61.88 million for the quarter, compared to analyst estimates of $61.55 million. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 1.25 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th were issued a dividend of $0.205 per share. The ex-dividend date was Wednesday, June 26th. This represents a $0.82 annualized dividend and a yield of 7.22%. Armada Hoffler Properties’s payout ratio is 911.21%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Adams Asset Advisors LLC raised its holdings in Armada Hoffler Properties by 177.5% during the 2nd quarter. Adams Asset Advisors LLC now owns 87,849 shares of the real estate investment trust’s stock worth $974,000 after purchasing an additional 56,191 shares during the last quarter. Cetera Advisors LLC raised its holdings in Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,872 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Armada Hoffler Properties by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 90,142 shares of the real estate investment trust’s stock worth $938,000 after purchasing an additional 6,158 shares during the last quarter. Quadrature Capital Ltd bought a new position in Armada Hoffler Properties during the 1st quarter worth approximately $167,000. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Armada Hoffler Properties by 10.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 60,933 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 5,735 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

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

About Armada Hoffler Properties

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.