Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. reduced its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 667,761 shares of the real estate investment trust’s stock after selling 43,493 shares during the quarter. Phocas Financial Corp. owned 0.75% of Armada Hoffler Properties worth $7,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AHH. Point72 DIFC Ltd purchased a new position in Armada Hoffler Properties in the 2nd quarter valued at $46,000. KBC Group NV boosted its holdings in shares of Armada Hoffler Properties by 66.0% in the third 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Armada Hoffler Properties during the second quarter worth about $55,000. Quarry LP raised its holdings in Armada Hoffler Properties by 446.4% during the second quarter. Quarry LP now owns 5,863 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in Armada Hoffler Properties in the third quarter valued at about $108,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

AHH has been the topic of a number of research reports. Stifel Nicolaus upped 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.

Insider Transactions at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was purchased at an average price of $10.50 per share, with a total value 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 represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Up 0.9 %

AHH stock opened at $11.08 on Tuesday. Armada Hoffler Properties, Inc. has a 52-week low of $10.02 and a 52-week high of $13.11. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. The stock’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.37.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). The firm had revenue of $68.60 million during the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts predict that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 7.40%. Armada Hoffler Properties’s dividend payout ratio is currently -390.46%.

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.