Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 44.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,059 shares of the real estate investment trust’s stock after selling 19,634 shares during the period. AQR Capital Management LLC’s holdings in Armada Hoffler Properties were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AHH. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Armada Hoffler Properties in the second quarter worth about $55,000. Cubist Systematic Strategies LLC bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth about $619,000. Point72 DIFC Ltd bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth about $46,000. Public Sector Pension Investment Board lifted its stake in shares of Armada Hoffler Properties by 5.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 147,601 shares of the real estate investment trust’s stock worth $1,637,000 after acquiring an additional 7,732 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Armada Hoffler Properties by 24.1% in the second quarter. Sei Investments Co. now owns 290,852 shares of the real estate investment trust’s stock valued at $3,226,000 after acquiring an additional 56,486 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following 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 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now directly owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel A. Hoffler purchased 95,238 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 0.00 % 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 company insiders.

Armada Hoffler Properties Trading Down 0.7 %

Shares of NYSE AHH opened at $11.17 on Friday. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44. Armada Hoffler Properties, Inc. has a one year low of $9.81 and a one year high of $13.11. The business has a 50-day moving average price of $11.59 and a two-hundred day moving average price of $11.27. The firm has a market capitalization of $991.71 million, a PE ratio of 124.11 and a beta of 1.03.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 7.34%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is currently 911.11%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday, September 27th. 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 report on Monday, July 15th. Finally, StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th.

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.