American Century Companies Inc. grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 897,808 shares of the real estate investment trust’s stock after purchasing an additional 26,593 shares during the period. American Century Companies Inc. owned approximately 1.43% of Armada Hoffler Properties worth $12,399,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of AHH. UBS Asset Management Americas Inc. bought a new stake in shares of Armada Hoffler Properties in the first quarter valued at about $193,000. American International Group Inc. lifted its holdings in shares of Armada Hoffler Properties by 7.9% in the first quarter. American International Group Inc. now owns 19,299 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 1,406 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Armada Hoffler Properties by 5.5% in the first quarter. Teachers Advisors LLC now owns 67,882 shares of the real estate investment trust’s stock valued at $943,000 after purchasing an additional 3,559 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Armada Hoffler Properties by 0.3% in the first quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock valued at $1,636,000 after purchasing an additional 400 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Armada Hoffler Properties by 12.1% in the first quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 967 shares in the last quarter. Institutional investors own 80.44% of the company’s stock.
Shares of Armada Hoffler Properties, Inc. (AHH) opened at $15.05 on Friday. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $676.30, a PE ratio of 14.90, a P/E/G ratio of 4.44 and a beta of 0.55. Armada Hoffler Properties, Inc. has a 12-month low of $12.65 and a 12-month high of $15.23.
Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $27.10 million for the quarter, compared to the consensus estimate of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. Armada Hoffler Properties’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. research analysts expect that Armada Hoffler Properties, Inc. will post 0.99 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Tuesday, December 26th. Armada Hoffler Properties’s dividend payout ratio is currently 152.00%.
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In related news, CEO Louis S. Haddad bought 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $14.92 per share, with a total value of $223,800.00. Following the completion of the transaction, the chief executive officer now owns 267,221 shares in the company, valued at $3,986,937.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.59% of the stock is currently owned by insiders.
A number of brokerages have recently commented on AHH. BidaskClub lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research report on Thursday, September 21st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $15.08.
Armada Hoffler Properties Profile
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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