Dennis H. Gartman Acquires 4,500 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) Stock

Armada Hoffler Properties, Inc. (NYSE:AHH) Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now directly owns 27,149 shares in the company, valued at $294,566.65. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Armada Hoffler Properties Stock Up 0.7 %

Armada Hoffler Properties stock opened at $10.84 on Friday. Armada Hoffler Properties, Inc. has a 52 week low of $9.81 and a 52 week high of $13.11. The firm has a market cap of $962.41 million, a price-to-earnings ratio of 120.44 and a beta of 1.03. The business’s 50-day moving average price is $11.72 and its 200 day moving average price is $11.24. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds have recently added to or reduced their stakes in AHH. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter worth about $333,000. Adams Asset Advisors LLC acquired a new stake in Armada Hoffler Properties in the first quarter valued at approximately $329,000. Allspring Global Investments Holdings LLC grew its holdings 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 period. Naviter Wealth LLC acquired a new position in shares of Armada Hoffler Properties during the 1st quarter worth approximately $206,000. Finally, New York State Teachers Retirement System lifted its position in shares of Armada Hoffler Properties by 6.6% during the 1st 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 buying an additional 6,343 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AHH. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their price target for the stock from $13.00 to $11.00 in a report on Monday, July 15th. StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus decreased their target price on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a research report on Friday, September 27th.

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.