RMR Advisors LLC trimmed its holdings in Armada Hoffler Properties Inc (NYSE:AHH) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,953 shares of the real estate investment trust’s stock after selling 20,400 shares during the period. RMR Advisors LLC owned about 0.30% of Armada Hoffler Properties worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of AHH. Nisa Investment Advisors LLC boosted its position in Armada Hoffler Properties by 38.2% during the second quarter. Nisa Investment Advisors LLC now owns 7,766 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,146 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Armada Hoffler Properties by 498.2% in the first quarter. BNP Paribas Arbitrage SA now owns 10,115 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 8,424 shares during the period. Laurion Capital Management LP bought a new stake in Armada Hoffler Properties in the first quarter valued at approximately $173,000. Starr International Co. Inc. bought a new stake in Armada Hoffler Properties in the first quarter valued at approximately $188,000. Finally, Piedmont Investment Advisors Inc. raised its stake in Armada Hoffler Properties by 8.0% in the first quarter. Piedmont Investment Advisors Inc. now owns 13,085 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 971 shares during the period. 83.36% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. ValuEngine lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Zacks Investment Research lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, DA Davidson restated a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, July 30th.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). The firm had revenue of $36.38 million for the quarter, compared to the consensus estimate of $34.01 million. Armada Hoffler Properties had a return on equity of 4.03% and a net margin of 10.16%. On average, equities research analysts anticipate that Armada Hoffler Properties Inc will post 1.15 EPS for the current fiscal year.
In other news, insider Michael P. O’hara bought 6,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the insider now owns 6,000 shares in the company, valued at $150,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Cherry bought 5,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $125,000.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $125,000. The disclosure for this purchase can be found here. 13.30% of the stock is currently owned by company insiders.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
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