Versor Investments LP Boosts Position in Armada Hoffler Properties, Inc. $AHH

Versor Investments LP grew its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 664.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,600 shares of the real estate investment trust’s stock after buying an additional 71,800 shares during the period. Versor Investments LP owned 0.08% of Armada Hoffler Properties worth $579,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brown Advisory Inc. grew its stake in Armada Hoffler Properties by 3,588.7% during the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after acquiring an additional 1,084,825 shares in the last quarter. Berman McAleer LLC purchased a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at $7,317,000. Qube Research & Technologies Ltd increased its holdings in shares of Armada Hoffler Properties by 46.8% in the second quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust’s stock worth $10,697,000 after purchasing an additional 496,620 shares during the period. Jane Street Group LLC raised its position in shares of Armada Hoffler Properties by 434.6% in the second quarter. Jane Street Group LLC now owns 384,421 shares of the real estate investment trust’s stock worth $2,641,000 after buying an additional 312,516 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Armada Hoffler Properties by 13.1% in the second quarter. Invesco Ltd. now owns 2,000,608 shares of the real estate investment trust’s stock worth $13,744,000 after buying an additional 231,067 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AHH shares. Wall Street Zen cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. UBS Group set a $7.50 price objective on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. Scotiabank raised their target price on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Armada Hoffler Properties currently has a consensus rating of “Hold” and an average target price of $8.10.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $6.98 on Thursday. The business has a 50 day moving average of $6.85 and a 200 day moving average of $6.83. The company has a market capitalization of $723.17 million, a price-to-earnings ratio of 36.71 and a beta of 1.04. Armada Hoffler Properties, Inc. has a 1-year low of $6.01 and a 1-year high of $9.69. The company has a debt-to-equity ratio of 2.35, a current ratio of 7.14 and a quick ratio of 7.14.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.0%. Armada Hoffler Properties’s dividend payout ratio is 294.74%.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.