ClearAlpha Technologies LP Acquires New Shares in Armada Hoffler Properties, Inc. (NYSE:AHH)

ClearAlpha Technologies LP bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,894 shares of the real estate investment trust’s stock, valued at approximately $248,000.

Other large investors also recently bought and sold shares of the company. Verition Fund Management LLC boosted its position in shares of Armada Hoffler Properties by 516.8% in the 3rd quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust’s stock worth $1,586,000 after buying an additional 122,701 shares in the last quarter. HGI Capital Management LLC raised its position in Armada Hoffler Properties by 44.4% during the third quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after acquiring an additional 76,919 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Armada Hoffler Properties by 6.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 483,680 shares of the real estate investment trust’s stock worth $5,238,000 after acquiring an additional 29,977 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Armada Hoffler Properties by 48.4% in the third quarter. Public Sector Pension Investment Board now owns 219,001 shares of the real estate investment trust’s stock valued at $2,372,000 after purchasing an additional 71,400 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Armada Hoffler Properties by 333.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 72,460 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 55,738 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on 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 downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Armada Hoffler Properties Stock Up 0.3 %

Shares of NYSE AHH opened at $11.08 on Tuesday. The firm has a market cap of $1.12 billion, a P/E ratio of -52.76 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a quick ratio of 7.17 and a current ratio of 7.17. Armada Hoffler Properties, Inc. has a 1 year low of $10.02 and a 1 year high of $13.11. The firm’s 50 day moving average price is $11.05 and its 200 day moving average price is $11.35.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The business had revenue of $68.60 million for 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 company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. As a group, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 7.40%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is -390.46%.

Insider Activity

In other news, Director Dennis H. Gartman bought 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. This represents a 19.87 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel A. Hoffler bought 95,238 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price 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 $2,799,793.50. The trade was 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 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.