Great West Life Assurance Co. Can lessened its position in Armada Hoffler Properties Inc (NYSE:AHH) by 5.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 82,058 shares of the real estate investment trust’s stock after selling 4,791 shares during the period. Great West Life Assurance Co. Can owned approximately 0.18% of Armada Hoffler Properties worth $1,123,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in shares of Armada Hoffler Properties in the first quarter valued at about $115,000. Amundi Pioneer Asset Management Inc. purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $160,000. Teacher Retirement System of Texas purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $240,000. Aperio Group LLC increased its holdings in Armada Hoffler Properties by 63.1% during the 1st quarter. Aperio Group LLC now owns 21,984 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 8,504 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in Armada Hoffler Properties during the 4th quarter valued at about $305,000. Institutional investors own 80.36% of the company’s stock.
Shares of Armada Hoffler Properties opened at $15.06 on Wednesday, MarketBeat Ratings reports. Armada Hoffler Properties Inc has a fifty-two week low of $12.67 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 1.41, a quick ratio of 12.86 and a current ratio of 12.86. The company has a market cap of $684.89 million, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 5th. Stockholders of record on Wednesday, June 27th will be given a $0.20 dividend. The ex-dividend date is Tuesday, June 26th. This represents a $0.80 annualized dividend and a dividend yield of 5.31%. Armada Hoffler Properties’s dividend payout ratio is 80.81%.
Several research firms have weighed in on AHH. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Friday, May 4th. B. Riley lifted their price target on shares of Armada Hoffler Properties from $15.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, May 2nd. Finally, ValuEngine downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday, April 23rd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.92.
Armada Hoffler Properties Profile
Armada Hoffler Properties, Inc (NYSE:AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly 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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