State of New Jersey Common Pension Fund D Trims Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

State of New Jersey Common Pension Fund D lowered its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,793 shares of the real estate investment trust’s stock after selling 8,367 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Armada Hoffler Properties were worth $1,752,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Point72 DIFC Ltd purchased a new position in shares of Armada Hoffler Properties during the 2nd quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Armada Hoffler Properties during the second quarter valued at about $55,000. Quarry LP lifted its position in shares of Armada Hoffler Properties by 446.4% in the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 4,790 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Armada Hoffler Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 1,251 shares during the period. Finally, Quest Partners LLC grew its position in shares of Armada Hoffler Properties by 261.2% during the second quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 9,339 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now owns 27,149 shares in the company, valued at $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel A. Hoffler purchased 95,238 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought 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 in the company, valued at $2,799,793.50. This trade represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Up 0.9 %

Shares of AHH stock opened at $11.08 on Tuesday. The stock’s 50-day moving average price is $11.22 and its 200-day moving average price is $11.37. Armada Hoffler Properties, Inc. has a 12-month low of $10.02 and a 12-month high of $13.11. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -52.74 and a beta of 1.03. The company has a current ratio of 7.17, a quick ratio of 7.49 and a debt-to-equity ratio of 2.00.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 earned $0.31 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were paid 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 7.40%. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Analyst Ratings Changes

AHH has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock 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.

Armada Hoffler Properties 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.