Raymond James & Associates reduced its position in shares of Armada Hoffler Properties (NYSE:AHH) by 47.5% in the 4th quarter, Holdings Channel reports. The firm owned 39,965 shares of the real estate investment trust’s stock after selling 36,169 shares during the period. Raymond James & Associates’ holdings in Armada Hoffler Properties were worth $621,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in shares of Armada Hoffler Properties in the third quarter worth about $117,000. Park Avenue Securities LLC bought a new position in shares of Armada Hoffler Properties in the fourth quarter worth about $158,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Armada Hoffler Properties in the fourth quarter worth about $160,000. Intrust Bank NA bought a new position in shares of Armada Hoffler Properties in the fourth quarter worth about $193,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Armada Hoffler Properties in the fourth quarter worth about $240,000. 80.31% of the stock is owned by hedge funds and other institutional investors.
In other Armada Hoffler Properties news, CEO Louis S. Haddad purchased 15,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $13.17 per share, for a total transaction of $197,550.00. Following the transaction, the chief executive officer now directly owns 282,221 shares in the company, valued at $3,716,850.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.59% of the stock is owned by insiders.
Shares of NYSE:AHH opened at $13.22 on Wednesday. Armada Hoffler Properties has a one year low of $12.65 and a one year high of $16.00. The company has a quick ratio of 9.59, a current ratio of 9.59 and a debt-to-equity ratio of 1.23. The company has a market cap of $604.34, a PE ratio of 13.35, a price-to-earnings-growth ratio of 3.17 and a beta of 0.49.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.15). Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The business had revenue of $27.65 million for the quarter, compared to analyst estimates of $27.44 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. equities research analysts forecast that Armada Hoffler Properties will post 1.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Wednesday, March 28th were given a dividend of $0.20 per share. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.19. The ex-dividend date was Tuesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 6.05%. Armada Hoffler Properties’s payout ratio is currently 80.81%.
A number of brokerages have weighed in on AHH. TheStreet downgraded shares of Armada Hoffler Properties from a “b” rating to a “c+” rating in a research note on Friday, January 5th. ValuEngine downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday. Raymond James reaffirmed a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Zacks Investment Research raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. Finally, Citigroup downgraded shares of Armada Hoffler Properties to a “market perform” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.20.
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Armada Hoffler Properties Company 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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