ARMADA HOFFLER PPTYS INC AHRT
COM · REIT · CUSIP 04208T108
- SectorReal estate
- IndustryReal Estate
- HeadquartersVirginia Beach, VA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($154.2k this quarter). Holder counts are more reliable. Shares outstanding: 74.6m as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $7.07. Options: 5 managers hold calls ($1.9m notional), 3 hold puts ($1.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 198 |
| Q4 2022 | 194 |
| Q1 2023 | 195 |
| Q2 2023 | 185 |
| Q3 2023 | 189 |
| Q4 2023 | 184 |
| Q1 2024 | 191 |
| Q2 2024 | 202 |
| Q3 2024 | 228 |
| Q4 2024 | 223 |
| Q1 2025 | 224 |
| Q2 2025 | 228 |
| Q3 2025 | 223 |
| Q4 2025 | 215 |
| Q1 2026 | 207 |
| Q2 2026 | 196 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 130 | 72 |
| Q4 2024 | 131 | 89 |
| Q1 2025 | 109 | 110 |
| Q2 2025 | 130 | 97 |
| Q3 2025 | 101 | 103 |
| Q4 2025 | 94 | 123 |
| Q1 2026 | 98 | 128 |
| Q2 2026 | 91 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $633.4k | $698.2k | 1.10 |
| Q4 2025 | $0 | $636.2k | — |
| Q1 2026 | $679.2k | $1.3m | 1.90 |
| Q2 2026 | $1.9m | $1.1m | 0.59 |
Biggest buyers
| Western Standard LLC | New | +1.3m |
| TWO SIGMA INVESTMENTS, LP | Added | +661.7k |
| MORGAN STANLEY | Added | +466.2k |
| Lighthouse Investment Partners, LLC | New | +375.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +369.5k |
| TCW GROUP INC | Added | +292.0k |
| TUDOR INVESTMENT CORP ET AL | New | +290.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +267.6k |
| Jain Global LLC | New | +241.8k |
| JANE STREET GROUP, LLC | Added | +203.7k |
Biggest sellers
| Irenic Capital Management LP | Reduced | -567.3k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -563.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -465.2k |
| HRT FINANCIAL LP | Reduced | -411.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -368.6k |
| State of New Jersey Common Pension Fund D | Reduced | -319.0k |
| STATE STREET CORP | Reduced | -280.1k |
| JPMORGAN CHASE & CO | Reduced | -205.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -197.9k |
| GLOBEFLEX CAPITAL L P | Sold out | -197.1k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $875.1k123.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $739.2k104.4k shares |
| CITADEL ADVISORS LLC | Added | $245.7k34.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $21.9k3.1k shares |
| GROUP ONE TRADING LLC | Unchanged | $5.7k800 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $638.6k90.2k shares |
| CITADEL ADVISORS LLC | Reduced | $463.7k65.5k shares |
| SIMPLEX TRADING, LLC | Added | $15.6k2.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -6.9 pts · filed 2026-04-07 | 8.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 3 | $108.3k | 1 | $220.4k | — |
| Q1 2025 | 2 | $783.0k | 0 | — | — |
| Q2 2025 | 2 | $9.6k | 0 | — | — |
| Q3 2025 | 1 | $3.3k | 1 | $347.7k | — |
| Q4 2025 | 1 | $3.6k | 0 | — | — |
| Q1 2026 | 1 | $64.1k | 0 | — | — |
| Q2 2026 | 1 | $5.7k | 0 | — | — |
| Q3 2026 | 2 | $24.1k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | Wittman Lori Director | Bought | $17.9k3.0k shares |
| 2026-07-02 | Wimbush Frederick Blair Director | Bought | $3.7k529 shares |
| 2026-07-01 | Wimbush Frederick Blair Director | Bought | $2.5k358 shares |
| 2026-04-02 | Wimbush Frederick Blair Director | Bought | $3.6k669 shares |
| 2026-04-01 | Wimbush Frederick Blair Director | Bought | $2.1k395 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 6.8m $48.3m | Reduced -19.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 4.1m $28.7m | Added +23.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.4m $24.0m | Reduced -103.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 3.1m $22.0m | Added +101.9k |
| Irenic Capital Management LP 1.49% of their portfolio | 2.9m $20.7m | Reduced -567.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.3m $16.1m | Added +160.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 2.2m $15.5m | Added +14.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.9m $13.4m | Added +11.3k |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $13.1m | Reduced -280.1k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 1.5m $11.0m | Added +203.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.5m $10.8m | Added +194.7k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 1.4m $10.1m | Added +154.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.3m $9.4m | Added +661.7k |
| TCW GROUP INC 0.06% of their portfolio | 1.3m $9.3m | Added +292.0k |
| Western Standard LLC 3.11% of their portfolio | 1.3m $9.2m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.2m $8.3m | Reduced -10.9k |
| BROWN ADVISORY INC 0.01% of their portfolio | 1.1m $7.9m | Reduced -2.0k |
| Berman McAleer LLC 0.84% of their portfolio | 1.0m $7.2m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 954.5k $6.8m | Added +466.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 734.2k $5.2m | Reduced -87.6k |
| Aristotle Capital Boston, LLC 0.33% of their portfolio | 694.4k $4.9m | Reduced -131.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 633.4k $4.5m | Added +177.2k |
| Nuveen, LLC 0.00% of their portfolio | 630.2k $4.5m | Added +73.8k |
| Clearstead Advisors, LLC 0.04% of their portfolio | 594.3k $4.2m | Added +305 |
| Quantinno Capital Management LP 0.00% of their portfolio | 517.4k $3.7m | Added +112.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 511.6k $3.6m | Reduced -20.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 452.3k $3.2m | Added +369.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 429.1k $3.0m | Added +267.6k |
| Adams Asset Advisors, LLC 0.32% of their portfolio | 400.0k $2.8m | Reduced -39.9k |
| Lighthouse Investment Partners, LLC 0.08% of their portfolio | 375.0k $2.7m | New |
| LSV ASSET MANAGEMENT 0.00% of their portfolio | 350.0k $2.5m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 313.1k $2.2m | Added +126.9k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 290.3k $2.1m | New |
| Corient Private Wealth LP 0.00% of their portfolio | 289.6k $2.1m | Added +80.8k |
| GREAT LAKES ADVISORS, LLC 0.02% of their portfolio | 281.8k $2.0m | Reduced -35.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 272.1k $1.9m | Reduced -465.2k |
| HRT FINANCIAL LP 0.00% of their portfolio | 266.0k $1.9m | Reduced -411.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 263.5k $1.9m | Added +18.4k |
| Jain Global LLC 0.02% of their portfolio | 241.8k $1.7m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 239.3k $1.7m | Added +538 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 234.5k $1.7m | Reduced -38.7k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 228.1k $1.6m | Added +15.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 220.1k $1.6m | Reduced -205.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 203.4k $1.4m | Added +27.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 193.7k $1.4m | Added +11.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio | 187.9k $1.3m | Unchanged |
| Brookwood Investment Group LLC 0.15% of their portfolio | 178.4k $1.3m | Added +51.7k |
| Penserra Capital Management LLC 0.01% of their portfolio | 177.8k $1.3m | Reduced -9.8k |
| Sterneck Capital Management, LLC 0.49% of their portfolio | 161.4k $1.1m | Added +13.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 158.0k $1.1m | Added +33.2k |
| American Capital Advisory, LLC 0.38% of their portfolio | 145.2k $1.0m | Reduced -36 |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 145.0k $1.0m | Reduced -319.0k |
| TT Capital Management LLC 0.76% of their portfolio | 138.6k $981.1k | Reduced -1.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 132.2k $936.1k | Reduced -2.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 130.9k $926.8k | Reduced -29.9k |
| BARCLAYS PLC 0.00% of their portfolio | 130.6k $924.7k | Reduced -12.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio | 120.2k $851.0k | Unchanged |
| Crossingbridge Advisors, LLC 0.02% of their portfolio | 115.0k $115.0k | Unchanged |
| AlphaCentric Advisors LLC 0.69% of their portfolio | 115.0k $814.2k | Unchanged |
| Asset Management One Co., Ltd. 0.00% of their portfolio | 109.3k $774.0k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 108.4k $767.3k | Reduced -58.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 105.6k $748.0k | Reduced -2.6k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 101.6k $719.5k | Reduced -113.8k |
| Inspire Investing, LLC 0.03% of their portfolio | 96.2k $681.4k | Added +3.0k |
| CITIGROUP INC 0.00% of their portfolio | 93.5k $662.3k | Added +67.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 91.3k $647.0k | Reduced -5.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 88.5k $626.5k | Reduced -5.2k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 88.1k $624.0k | New |
| DRW Securities, LLC 0.04% of their portfolio | 87.2k $617.2k | Reduced -37.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 84.1k $595.2k | Reduced -368.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 82.2k $581.9k | Reduced -4.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 74.5k $409.8k | Reduced -563.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 72.7k $514.6k | Reduced -117.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 67.9k $481.5k | Added +41.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 65.4k $462.8k | Reduced -833 |
| Worth Venture Partners, LLC 0.91% of their portfolio | 56.8k $402.1k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 54.3k $384.6k | Added +14.7k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 54.3k $384.6k | Added +20.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 51.8k $366.6k | Added +34.6k |
| Daytona Street Capital LLC 0.26% of their portfolio | 50.7k $358.8k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 49.1k $347.3k | New |
| Jump Financial, LLC 0.00% of their portfolio | 48.8k $345.7k | Reduced -9.9k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 45.8k $324.3k | Added +7.9k |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 43.7k $309.5k | Reduced -5.4k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 43.3k $305.0k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 41.4k $292.0k | Added +20.7k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 41.0k $290.0k | New |
| Commonwealth Financial Services, LLC 0.04% of their portfolio | 38.7k $274.2k | Reduced -6.4k |
| SeaCrest Wealth Management, LLC 0.03% of their portfolio | 37.6k $266.6k | New |
| ALPS ADVISORS INC 0.00% of their portfolio | 36.7k $259.7k | Reduced -3.8k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 36.3k $257.2k | New |
| Park Capital Management, LLC / WI 0.14% of their portfolio | 34.8k $246.2k | Added +9.9k |
| Resona Asset Management Co.,Ltd. 0.00% of their portfolio | 34.7k $249.2k | Reduced -98 |
| LPL Financial LLC 0.00% of their portfolio | 32.8k $232.3k | Added +836 |
| ANCHYRA PARTNERS LLC 0.06% of their portfolio | 32.7k $231.4k | Added +8.4k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 32.4k $229.6k | Unchanged |
| Murphy Pohlad Asset Management LLC 0.08% of their portfolio | 31.6k $224.0k | Added +11.6k |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 31.5k $223.1k | Added +27.0k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 30.2k $213.8k | Reduced -1.6k |
| Sage Investment Counsel LLC 0.21% of their portfolio | 29.2k $206.7k | Added +9.4k |