Vision Capital Corp Buys Shares of 1,100,000 Armada Hoffler Properties, Inc. (NYSE:AHH)

Vision Capital Corp bought a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the 3rd quarter, Holdings Channel.com reports. The fund bought 1,100,000 shares of the real estate investment trust’s stock, valued at approximately $11,913,000. Armada Hoffler Properties comprises approximately 1.9% of Vision Capital Corp’s investment portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently modified their holdings of AHH. Vanguard Group Inc. raised its stake in Armada Hoffler Properties by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock valued at $80,679,000 after purchasing an additional 65,300 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Armada Hoffler Properties in the second quarter valued at $619,000. Algert Global LLC lifted its position in Armada Hoffler Properties by 858.2% during the second quarter. Algert Global LLC now owns 140,738 shares of the real estate investment trust’s stock worth $1,561,000 after buying an additional 126,051 shares during the period. GSA Capital Partners LLP acquired a new stake in Armada Hoffler Properties in the 3rd quarter worth about $1,156,000. Finally, Quest Partners LLC grew its holdings in Armada Hoffler Properties by 378.6% in the 3rd quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock valued at $669,000 after buying an additional 48,891 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 0.3 %

Armada Hoffler Properties stock opened at $11.10 on Monday. Armada Hoffler Properties, Inc. has a one year low of $10.02 and a one year high of $13.11. The stock’s 50 day moving average price is $11.15 and its 200 day moving average price is $11.37. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results 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). Armada Hoffler Properties had a negative net margin of 1.01% and a negative return on equity of 1.18%. The firm had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. During the same quarter last year, the company posted $0.31 earnings per share. Armada Hoffler Properties’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts forecast that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

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 given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -390.46%.

Insider Activity at Armada Hoffler Properties

In other news, Director Daniel A. Hoffler bought 95,238 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the transaction, the director now owns 266,647 shares in the company, valued at $2,799,793.50. The trade was a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now owns 27,149 shares in the company, valued at approximately $294,566.65. This represents a 19.87 % increase in their position. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

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.