Y Intercept Hong Kong Ltd Buys 11,465 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Y Intercept Hong Kong Ltd lifted its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 37.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 42,459 shares of the real estate investment trust’s stock after buying an additional 11,465 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Armada Hoffler Properties were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AHH. FMR LLC raised its stake in Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock worth $25,313,000 after acquiring an additional 140,964 shares in the last quarter. Quest Partners LLC increased its position in shares of Armada Hoffler Properties by 378.6% during the 3rd quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 48,891 shares in the last quarter. HGI Capital Management LLC increased its position in shares of Armada Hoffler Properties by 44.4% during the 3rd quarter. HGI Capital Management LLC now owns 250,000 shares of the real estate investment trust’s stock worth $2,708,000 after purchasing an additional 76,919 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Armada Hoffler Properties in the second quarter valued at about $619,000. Finally, Verition Fund Management LLC grew its stake in Armada Hoffler Properties by 516.8% during the third quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust’s stock worth $1,586,000 after buying an additional 122,701 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Up 0.4 %

Shares of NYSE AHH opened at $10.92 on Monday. Armada Hoffler Properties, Inc. has a 1-year low of $10.02 and a 1-year high of $13.11. The company has a 50-day moving average of $11.00 and a two-hundred day moving average of $11.32. The company has a market cap of $1.11 billion, a PE ratio of -52.00 and a beta of 1.03. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million during the quarter, compared to analyst estimates 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 for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. As a group, equities analysts expect that Armada Hoffler Properties, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now owns 31,649 shares of the company’s stock, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel A. Hoffler bought 95,238 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. This trade represents a 55.56 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 104,238 shares of company stock worth $1,097,649 over the last 90 days. 11.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AHH shares. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus lifted their price objective on 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.