Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP grew its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 395,218 shares of the real estate investment trust's stock after buying an additional 95,049 shares during the period. Two Sigma Investments LP owned 0.39% of Armada Hoffler Properties worth $4,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AHH. Victory Capital Management Inc. raised its holdings in shares of Armada Hoffler Properties by 9.3% during the fourth quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock worth $142,000 after purchasing an additional 1,190 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Armada Hoffler Properties by 23.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,551 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 1,862 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Armada Hoffler Properties by 21.0% during the fourth quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust's stock worth $147,000 after purchasing an additional 2,502 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AHH. Scotiabank reduced their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus reduced their target price on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a report on Thursday, May 8th.

Armada Hoffler Properties Stock Performance

AHH traded up $0.02 on Monday, reaching $6.98. The stock had a trading volume of 812,058 shares, compared to its average volume of 755,996. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.46. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The business's 50-day moving average price is $6.95 and its two-hundred day moving average price is $8.76. The company has a market cap of $706.71 million, a P/E ratio of 21.80 and a beta of 1.09.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The firm had revenue of $63.80 million during the quarter, compared to analysts' expectations of $63.18 million. Sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 8.03%. Armada Hoffler Properties's payout ratio is 700.00%.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director A Russell Kirk bought 10,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was acquired at an average price of $7.70 per share, with a total value of $77,000.00. Following the completion of the purchase, the director now directly owns 69,430 shares of the company's stock, valued at approximately $534,611. This trade represents a 16.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders bought 90,954 shares of company stock valued at $699,607. Corporate insiders own 10.20% of the company's stock.

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.