Prudential Financial Inc. lowered its position in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 14.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 440,589 shares of the real estate investment trust’s stock after selling 77,386 shares during the period. Prudential Financial Inc. owned 0.83% of Armada Hoffler Properties worth $7,291,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in Armada Hoffler Properties by 498.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,115 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 8,424 shares during the period. Arizona State Retirement System raised its stake in Armada Hoffler Properties by 1.6% in the 1st quarter. Arizona State Retirement System now owns 77,649 shares of the real estate investment trust’s stock worth $1,211,000 after purchasing an additional 1,222 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Armada Hoffler Properties by 142.7% in the 1st quarter. SG Americas Securities LLC now owns 25,154 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 14,790 shares during the period. Rhumbline Advisers boosted its holdings in Armada Hoffler Properties by 1.5% in the 1st quarter. Rhumbline Advisers now owns 148,874 shares of the real estate investment trust’s stock valued at $2,321,000 after purchasing an additional 2,222 shares during the period. Finally, Comerica Bank boosted its holdings in Armada Hoffler Properties by 3.5% in the 1st quarter. Comerica Bank now owns 49,694 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 1,688 shares during the period. Institutional investors own 85.88% of the company’s stock.
AHH has been the topic of several recent research reports. DA Davidson reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, July 30th. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, ValuEngine downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th.
Shares of NYSE:AHH traded up $0.06 during trading on Wednesday, reaching $17.74. 1,270 shares of the company traded hands, compared to its average volume of 228,967. The firm has a market capitalization of $936.71 million, a PE ratio of 17.24, a PEG ratio of 2.72 and a beta of 0.46. Armada Hoffler Properties Inc has a 52 week low of $13.53 and a 52 week high of $17.93. The company has a quick ratio of 12.83, a current ratio of 12.83 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average is $17.26 and its two-hundred day moving average is $16.41.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.21). The company had revenue of $36.38 million during the quarter, compared to the consensus estimate of $34.01 million. Armada Hoffler Properties had a return on equity of 4.16% and a net margin of 10.16%. As a group, research analysts anticipate that Armada Hoffler Properties Inc will post 1.16 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $0.84 dividend on an annualized basis and a yield of 4.74%. Armada Hoffler Properties’s payout ratio is 81.55%.
In related news, Director James C. Cherry acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $125,000.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $125,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael P. O’hara acquired 6,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were bought at an average price of $25.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the insider now owns 6,000 shares in the company, valued at $150,000. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.
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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