Mesirow Institutional Investment Management Inc. Grows Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Mesirow Institutional Investment Management Inc. grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,058,787 shares of the real estate investment trust’s stock after buying an additional 9,599 shares during the quarter. Mesirow Institutional Investment Management Inc. owned 1.19% of Armada Hoffler Properties worth $11,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. ProShare Advisors LLC lifted its holdings in shares of Armada Hoffler Properties by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,585 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 934 shares in the last quarter. Van ECK Associates Corp grew its holdings in Armada Hoffler Properties by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,552 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Armada Hoffler Properties by 8.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,794 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 1,637 shares during the last quarter. Cetera Advisors LLC increased its position in Armada Hoffler Properties by 15.0% during the first quarter. Cetera Advisors LLC now owns 14,361 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 1,872 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Armada Hoffler Properties by 224.3% in the fourth quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,853 shares during the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Armada Hoffler Properties

In other news, Director Dennis H. Gartman purchased 4,500 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the purchase, the director now directly owns 21,486 shares of the company’s stock, valued at approximately $238,279.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AHH. Stifel Nicolaus started coverage on Armada Hoffler Properties in a research report on Monday, July 15th. They set a “buy” rating and a $12.75 price objective for the company. StockNews.com cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. Finally, Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price target for the stock from $13.00 to $11.00 in a research note on Monday, July 15th.

Armada Hoffler Properties Price Performance

AHH opened at $12.09 on Wednesday. Armada Hoffler Properties, Inc. has a 1 year low of $9.81 and a 1 year high of $13.11. The company’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $11.08. The stock has a market capitalization of $1.07 billion, a PE ratio of 134.28 and a beta of 1.03. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Wednesday, June 26th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, June 26th. This represents a $0.82 annualized dividend and a dividend yield of 6.79%. Armada Hoffler Properties’s dividend payout ratio is presently 911.11%.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.