Stoneridge Investment Partners LLC Purchases New Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Stoneridge Investment Partners LLC acquired a new position in Armada Hoffler Properties, Inc. (NYSE:AHH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,481 shares of the real estate investment trust’s stock, valued at approximately $107,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vision Capital Corp purchased a new position in shares of Armada Hoffler Properties in the 3rd quarter worth about $11,913,000. Sound Income Strategies LLC bought a new position in shares of Armada Hoffler Properties during the 4th quarter valued at approximately $9,049,000. Franklin Resources Inc. raised its holdings in shares of Armada Hoffler Properties by 8.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock worth $20,989,000 after purchasing an additional 158,625 shares during the period. FMR LLC grew its holdings 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 valued at $25,313,000 after purchasing an additional 140,964 shares during the period. Finally, Seven Grand Managers LLC bought a new stake in shares of Armada Hoffler Properties in the third quarter valued at $1,451,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Insider Activity

In related news, Director Dennis H. Gartman acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 31,649 shares in the company, valued at $343,391.65. This trade represents a 16.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Down 0.6 %

NYSE AHH opened at $9.57 on Friday. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $970.02 million, a price-to-earnings ratio of -45.57 and a beta of 1.03. The stock’s 50-day simple moving average is $10.15 and its two-hundred day simple moving average is $10.97. Armada Hoffler Properties, Inc. has a twelve month low of $9.26 and a twelve month high of $12.46.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were given a dividend of $0.205 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.82 annualized dividend and a yield of 8.57%. Armada Hoffler Properties’s payout ratio is -390.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Scotiabank assumed coverage on Armada Hoffler Properties in a research note on Tuesday, January 28th. They set a “sector perform” rating and a $11.00 price objective on the stock. Finally, StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd.

About Armada Hoffler Properties

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.