Jacobs Levy Equity Management Inc. Sells 9,317 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Jacobs Levy Equity Management Inc. cut its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,302 shares of the real estate investment trust’s stock after selling 9,317 shares during the period. Jacobs Levy Equity Management Inc. owned 0.10% of Armada Hoffler Properties worth $924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings 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 buying an additional 1,251 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Armada Hoffler Properties by 6.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 1,316 shares in the last quarter. abrdn plc boosted its holdings in shares of Armada Hoffler Properties by 10.5% during the 3rd quarter. abrdn plc now owns 13,856 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 1,322 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Armada Hoffler Properties by 1.7% during the third quarter. Asset Management One Co. Ltd. now owns 97,243 shares of the real estate investment trust’s stock valued at $1,053,000 after purchasing an additional 1,642 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of Armada Hoffler Properties by 15.0% in the first quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 1,872 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction on Thursday, September 26th. The shares were acquired at an average price 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 in the company, valued at approximately $2,799,793.50. This trade represents a 55.56 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were bought 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 directly owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This trade represents a 19.87 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday, November 5th.

Armada Hoffler Properties Stock Down 0.5 %

Shares of NYSE:AHH opened at $10.87 on Monday. The company has a 50-day moving average price of $10.99 and a 200 day moving average price of $11.33. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties, Inc. has a 12 month low of $10.02 and a 12 month high of $13.11. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -51.76 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last announced its 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). 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 analysts’ expectations of $65.01 million. During the same quarter last year, the firm posted $0.31 EPS. Armada Hoffler Properties’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently -390.48%.

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.