Los Angeles Capital Management LLC Acquires New Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Los Angeles Capital Management LLC acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,970 shares of the real estate investment trust’s stock, valued at approximately $292,000.

A number of other institutional investors have also modified their holdings of AHH. Great Lakes Advisors LLC bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter valued at about $2,961,000. Seven Grand Managers LLC bought a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at about $1,451,000. Algert Global LLC grew its position in shares of Armada Hoffler Properties by 858.2% during the 2nd quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock valued at $1,561,000 after buying an additional 126,051 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Armada Hoffler Properties by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after buying an additional 65,300 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Armada Hoffler Properties by 24.1% during the 2nd quarter. Sei Investments Co. now owns 290,852 shares of the real estate investment trust’s stock valued at $3,226,000 after buying an additional 56,486 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price 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 note on Tuesday, October 22nd.

Armada Hoffler Properties Trading Up 1.0 %

Armada Hoffler Properties stock opened at $10.98 on Monday. The firm has a 50-day moving average price of $11.23 and a two-hundred day moving average price of $11.37. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -52.28 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 52-week low of $10.02 and a 52-week high of $13.11. The company has a quick ratio of 7.49, a current ratio of 7.17 and a debt-to-equity ratio of 2.00.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results 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 return on equity of 1.18% and a negative net margin of 1.01%. The company 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 company posted $0.31 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.47%. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Insider Buying and Selling

In other news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel A. Hoffler purchased 95,238 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the acquisition, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This trade represents a 55.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

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.