Arizona State Retirement System lifted its position in Armada Hoffler Properties Inc (NYSE:AHH) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,649 shares of the real estate investment trust’s stock after purchasing an additional 1,222 shares during the quarter. Arizona State Retirement System’s holdings in Armada Hoffler Properties were worth $1,211,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in AHH. BNP Paribas Arbitrage SA grew its position in shares of Armada Hoffler Properties by 498.2% during the first quarter. BNP Paribas Arbitrage SA now owns 10,115 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 8,424 shares during the last quarter. Virginia Retirement Systems ET AL grew its position in shares of Armada Hoffler Properties by 7.0% during the first quarter. Virginia Retirement Systems ET AL now owns 29,000 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 1,900 shares during the last quarter. RMR Advisors LLC grew its position in shares of Armada Hoffler Properties by 22.5% during the first quarter. RMR Advisors LLC now owns 175,353 shares of the real estate investment trust’s stock worth $2,734,000 after acquiring an additional 32,150 shares during the last quarter. National Investment Services Inc. WI purchased a new position in shares of Armada Hoffler Properties during the first quarter worth approximately $387,000. Finally, Geode Capital Management LLC grew its position in shares of Armada Hoffler Properties by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 493,322 shares of the real estate investment trust’s stock worth $6,936,000 after acquiring an additional 28,139 shares during the last quarter. 80.15% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Louis S. Haddad acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $15.31 per share, for a total transaction of $229,650.00. Following the transaction, the chief executive officer now directly owns 320,530 shares in the company, valued at approximately $4,907,314.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.30% of the company’s stock.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.18). The business had revenue of $30.91 million for the quarter, compared to analysts’ expectations of $31.00 million. Armada Hoffler Properties had a return on equity of 3.96% and a net margin of 9.66%. Analysts anticipate that Armada Hoffler Properties Inc will post 1.16 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be given a $0.21 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $0.84 dividend on an annualized basis and a yield of 5.09%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 81.55%.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, May 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.65.
Armada Hoffler Properties Profile
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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