Adams Asset Advisors LLC Has $2 Million Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Adams Asset Advisors LLC boosted its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 37.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 195,080 shares of the real estate investment trust’s stock after buying an additional 52,681 shares during the period. Adams Asset Advisors LLC’s holdings in Armada Hoffler Properties were worth $1,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AHH. Sterneck Capital Management LLC lifted its holdings in shares of Armada Hoffler Properties by 15.9% during the fourth quarter. Sterneck Capital Management LLC now owns 91,310 shares of the real estate investment trust’s stock worth $934,000 after buying an additional 12,550 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Armada Hoffler Properties by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,095 shares of the real estate investment trust’s stock valued at $6,737,000 after acquiring an additional 97,642 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after acquiring an additional 158,625 shares during the period. Geode Capital Management LLC grew its holdings in shares of Armada Hoffler Properties by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after purchasing an additional 56,777 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Armada Hoffler Properties by 73.9% in the third quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 91,461 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average price of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now owns 31,649 shares in the company, valued at $343,391.65. The trade was a 16.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Down 0.7 %

Shares of NYSE:AHH traded down $0.07 during midday trading on Monday, reaching $9.63. The company’s stock had a trading volume of 199,934 shares, compared to its average volume of 530,961. The firm has a 50 day moving average price of $10.68 and a two-hundred day moving average price of $11.20. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.52 and a fifty-two week high of $12.46. The firm has a market capitalization of $976.10 million, a price-to-earnings ratio of -45.85 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 (NYSE:AHH) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.42). The company had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were issued a $0.205 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.52%. Armada Hoffler Properties’s dividend payout ratio is presently -390.48%.

Analysts Set New Price Targets

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

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.