GSA Capital Partners LLP Invests $720,000 in Armada Hoffler Properties, Inc. $AHH

GSA Capital Partners LLP bought a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) during the third quarter, HoldingsChannel.com reports. The fund bought 102,762 shares of the real estate investment trust’s stock, valued at approximately $720,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AHH. Hantz Financial Services Inc. increased its position in Armada Hoffler Properties by 99.3% during the third quarter. Hantz Financial Services Inc. now owns 6,367 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,173 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 5,015 shares during the last quarter. Inscription Capital LLC acquired a new position in shares of Armada Hoffler Properties during the 3rd quarter worth approximately $72,000. Pinnacle Wealth Planning Services Inc. bought a new stake in Armada Hoffler Properties in the 2nd quarter valued at $77,000. Finally, Quadrant Capital Group LLC lifted its holdings in Armada Hoffler Properties by 224.7% during the 2nd quarter. Quadrant Capital Group LLC now owns 13,038 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 9,022 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AHH shares. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. UBS Group set a $7.50 price target on shares of Armada Hoffler Properties in a research note on Wednesday, January 14th. Scotiabank increased their price target on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Wall Street Zen cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Armada Hoffler Properties currently has an average rating of “Hold” and an average price target of $7.80.

Armada Hoffler Properties Stock Performance

Shares of NYSE:AHH opened at $6.11 on Friday. Armada Hoffler Properties, Inc. has a 12-month low of $6.01 and a 12-month high of $9.28. The company’s 50 day moving average price is $6.81 and its two-hundred day moving average price is $6.82. The firm has a market cap of $632.97 million, a PE ratio of -76.31 and a beta of 1.04. The company has a quick ratio of 7.14, a current ratio of 6.15 and a debt-to-equity ratio of 1.95.

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.