American Century Companies Inc. Increases Stake in Armada Hoffler Properties, Inc. (AHH)

American Century Companies Inc. raised its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 897,808 shares of the real estate investment trust’s stock after acquiring an additional 26,593 shares during the quarter. American Century Companies Inc. owned about 1.43% of Armada Hoffler Properties worth $12,399,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AHH. Cambridge Investment Research Advisors Inc. lifted its position in Armada Hoffler Properties by 2.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,341 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 306 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Armada Hoffler Properties by 0.3% in the 1st 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 acquiring an additional 400 shares during the last quarter. Navellier & Associates Inc increased its stake in shares of Armada Hoffler Properties by 0.7% in the 2nd quarter. Navellier & Associates Inc now owns 59,964 shares of the real estate investment trust’s stock valued at $777,000 after acquiring an additional 407 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Armada Hoffler Properties by 12.1% in the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 967 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Armada Hoffler Properties by 1.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 81,975 shares of the real estate investment trust’s stock valued at $1,062,000 after acquiring an additional 980 shares during the last quarter. 82.12% of the stock is currently owned by institutional investors.

AHH has been the subject of several recent analyst reports. Bank of America began coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Investment Research cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a research report on Thursday, November 2nd. TheStreet raised Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Finally, BidaskClub raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $15.08.

In other Armada Hoffler Properties news, CEO Louis S. Haddad bought 15,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the purchase, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at $3,986,937.32. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 16.59% of the company’s stock.

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) traded up $0.06 during mid-day trading on Monday, reaching $15.44. The company’s stock had a trading volume of 372,147 shares, compared to its average volume of 363,694. The company has a market capitalization of $691.13, a P/E ratio of 15.23, a P/E/G ratio of 4.54 and a beta of 0.58. The company has a debt-to-equity ratio of 1.13, a quick ratio of 10.44 and a current ratio of 10.44. Armada Hoffler Properties, Inc. has a 1-year low of $12.65 and a 1-year high of $15.72.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The company had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Armada Hoffler Properties’s quarterly revenue was up 7.1% on a year-over-year basis. research analysts predict that Armada Hoffler Properties, Inc. will post 0.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.92%. Armada Hoffler Properties’s payout ratio is 152.00%.

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About Armada Hoffler Properties

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.

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

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