The Manufacturers Life Insurance Company Has $312,000 Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

The Manufacturers Life Insurance Company increased its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 11.1% during the second quarter, HoldingsChannel.com reports. The fund owned 28,150 shares of the real estate investment trust’s stock after purchasing an additional 2,818 shares during the period. The Manufacturers Life Insurance Company’s holdings in Armada Hoffler Properties were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AHH. Point72 DIFC Ltd bought a new stake in Armada Hoffler Properties during the 2nd quarter valued at approximately $46,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Armada Hoffler Properties during the 2nd quarter valued at $55,000. ProShare Advisors LLC increased its holdings in Armada Hoffler Properties by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 934 shares in the last quarter. Quest Partners LLC increased its stake in shares of Armada Hoffler Properties by 261.2% in the 2nd quarter. Quest Partners LLC now owns 12,915 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 9,339 shares during the period. Finally, Cetera Advisors LLC increased its stake in shares of Armada Hoffler Properties by 15.0% in the 1st quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,872 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of Armada Hoffler Properties stock opened at $11.17 on Friday. The firm has a market cap of $991.71 million, a price-to-earnings ratio of 124.11 and a beta of 1.03. The stock’s 50-day moving average is $11.59 and its 200-day moving average is $11.27. Armada Hoffler Properties, Inc. has a one year low of $9.81 and a one year high of $13.11. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49.

Armada Hoffler Properties Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AHH. Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $13.00 to $11.00 in a research report on Monday, July 15th. StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Finally, Stifel Nicolaus reduced their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating on the stock in a research report on Friday, September 27th.

Insider Activity at Armada Hoffler Properties

In related news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 27,149 shares in the company, valued at $294,566.65. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Daniel A. Hoffler bought 95,238 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $10.50 per share, with a total value of $999,999.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the transaction, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is owned by company insiders.

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.