Natixis Advisors LLC Sells 14,471 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Natixis Advisors LLC lowered its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 27.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,573 shares of the real estate investment trust’s stock after selling 14,471 shares during the quarter. Natixis Advisors LLC’s holdings in Armada Hoffler Properties were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter valued at about $46,000. KBC Group NV boosted its position in shares of Armada Hoffler Properties by 66.0% during the 3rd quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,962 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter valued at about $55,000. Quarry LP boosted its position in shares of Armada Hoffler Properties by 446.4% during the 2nd 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 during the last quarter. Finally, Versor Investments LP bought a new stake in shares of Armada Hoffler Properties during the 3rd quarter valued at about $108,000. Institutional investors own 66.35% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AHH. Stifel Nicolaus lifted their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report on Tuesday, November 5th. StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This represents a 19.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the purchase, the director now directly owns 266,647 shares of the company’s stock, valued at approximately $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 Stock Performance

NYSE:AHH opened at $11.09 on Friday. The business has a 50 day moving average of $11.09 and a 200 day moving average of $11.36. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -52.81 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick 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) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. Armada Hoffler Properties’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. On average, sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 7.39%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -390.46%.

About Armada Hoffler Properties

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.