Public Sector Pension Investment Board Increases Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Public Sector Pension Investment Board boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 48.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 219,001 shares of the real estate investment trust’s stock after purchasing an additional 71,400 shares during the quarter. Public Sector Pension Investment Board owned about 0.24% of Armada Hoffler Properties worth $2,372,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its position in Armada Hoffler Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,403 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 1,251 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Armada Hoffler Properties by 6.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,272 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 1,316 shares during the period. abrdn plc lifted its stake in 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 acquiring an additional 1,322 shares during the period. Asset Management One Co. Ltd. lifted its stake in Armada Hoffler Properties by 1.7% during the 3rd 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 acquiring an additional 1,642 shares during the period. Finally, Cetera Advisors LLC lifted its stake in Armada Hoffler Properties by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,872 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Performance

AHH opened at $11.00 on Thursday. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -52.38 and a beta of 1.03. The company’s 50 day moving average is $11.01 and its 200 day moving average is $11.35. Armada Hoffler Properties, Inc. has a 12-month low of $10.02 and a 12-month high of $13.11.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The business 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%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. On average, equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.27 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is -390.46%.

Insider Buying and Selling

In other news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel A. Hoffler purchased 95,238 shares of the stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AHH has been the topic of several research analyst reports. Stifel Nicolaus upped their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

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.