Armada Hoffler Properties Inc (AHH) Holdings Cut by Millennium Management LLC

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Millennium Management LLC lessened its holdings in Armada Hoffler Properties Inc (NYSE:AHH) by 82.6% during the fourth quarter, Holdings Channel reports. The fund owned 10,185 shares of the real estate investment trust’s stock after selling 48,289 shares during the period. Millennium Management LLC’s holdings in Armada Hoffler Properties were worth $143,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in Armada Hoffler Properties by 7.1% during the third quarter. Bank of New York Mellon Corp now owns 726,427 shares of the real estate investment trust’s stock worth $10,977,000 after purchasing an additional 47,989 shares in the last quarter. MetLife Investment Advisors LLC raised its holdings in Armada Hoffler Properties by 61.0% during the third quarter. MetLife Investment Advisors LLC now owns 31,659 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 11,997 shares in the last quarter. AQR Capital Management LLC raised its holdings in Armada Hoffler Properties by 31.0% during the third quarter. AQR Capital Management LLC now owns 128,431 shares of the real estate investment trust’s stock worth $1,941,000 after purchasing an additional 30,419 shares in the last quarter. Teachers Advisors LLC raised its holdings in Armada Hoffler Properties by 12.6% during the third quarter. Teachers Advisors LLC now owns 94,496 shares of the real estate investment trust’s stock worth $1,428,000 after purchasing an additional 10,539 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Armada Hoffler Properties by 18.0% during the third quarter. Legal & General Group Plc now owns 105,268 shares of the real estate investment trust’s stock worth $1,576,000 after purchasing an additional 16,083 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Shares of AHH opened at $16.49 on Thursday. The company has a current ratio of 13.03, a quick ratio of 13.03 and a debt-to-equity ratio of 1.63. Armada Hoffler Properties Inc has a twelve month low of $13.49 and a twelve month high of $16.59. The stock has a market cap of $861.79 million, a price-to-earnings ratio of 16.01, a P/E/G ratio of 3.72 and a beta of 0.54.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.18). Armada Hoffler Properties had a return on equity of 3.96% and a net margin of 9.66%. The company had revenue of $30.91 million for the quarter, compared to analyst estimates of $31.00 million. Equities analysts anticipate that Armada Hoffler Properties Inc will post 1.16 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.84 annualized dividend and a yield of 5.09%. Armada Hoffler Properties’s payout ratio is currently 81.55%.

In related news, CEO Louis S. Haddad bought 15,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $15.31 per share, for a total transaction of $229,650.00. Following the completion of the transaction, the chief executive officer now owns 320,530 shares of the company’s stock, valued at approximately $4,907,314.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.30% of the company’s stock.

Several research firms recently issued reports on AHH. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Armada Hoffler Properties currently has a consensus rating of “Buy” and a consensus price target of $16.65.

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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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Institutional Ownership by Quarter for Armada Hoffler Properties (NYSE:AHH)

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