Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 970,931 shares of the real estate investment trust’s stock after buying an additional 83,500 shares during the quarter. First Eagle Investment Management LLC owned about 1.10% of Armada Hoffler Properties worth $10,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in Armada Hoffler Properties by 224.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 2,853 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Armada Hoffler Properties by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,552 shares during the period. ProShare Advisors LLC lifted its stake in shares of Armada Hoffler Properties by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 934 shares during the period. Naviter Wealth LLC bought a new position in shares of Armada Hoffler Properties in the first quarter valued at approximately $206,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Armada Hoffler Properties by 8.1% in the first quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 1,637 shares in the last quarter. Institutional investors own 66.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AHH shares. Stifel Nicolaus assumed coverage on shares of Armada Hoffler Properties in a research note on Monday. They set a “buy” rating and a $12.75 target price for the company. Jefferies Financial Group lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price objective for the company from $13.00 to $11.00 in a research note on Monday. Finally, StockNews.com raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

Armada Hoffler Properties Stock Up 0.5 %

Shares of Armada Hoffler Properties stock traded up $0.06 during midday trading on Friday, hitting $11.67. The company’s stock had a trading volume of 136,750 shares, compared to its average volume of 427,784. Armada Hoffler Properties, Inc. has a 1-year low of $9.81 and a 1-year high of $13.11. The company has a quick ratio of 9.54, a current ratio of 9.54 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $1.04 billion, a P/E ratio of 129.01 and a beta of 1.03. The stock has a 50-day simple moving average of $11.23 and a 200-day simple moving average of $11.15.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Thursday, May 9th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). Armada Hoffler Properties had a net margin of 2.76% and a return on equity of 2.96%. The business had revenue of $61.88 million during the quarter, compared to analyst estimates of $61.55 million. As a group, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.25 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th were paid a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.82 dividend on an annualized basis and a yield of 7.03%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 911.21%.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman purchased 4,500 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the acquisition, the director now directly owns 21,486 shares in the company, valued at $238,279.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Eric E. Apperson sold 40,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $11.59, for a total transaction of $463,600.00. Following the transaction, the insider now owns 53,867 shares of the company’s stock, valued at approximately $624,318.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was purchased at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the transaction, the director now owns 21,486 shares of the company’s stock, valued at $238,279.74. The disclosure for this purchase can be found here. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Profile

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.