Silvercrest Asset Management Group LLC raised its stake in Armada Hoffler Properties Inc (NYSE:AHH) by 14.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,038,131 shares of the real estate investment trust’s stock after purchasing an additional 131,683 shares during the quarter. Silvercrest Asset Management Group LLC owned about 1.96% of Armada Hoffler Properties worth $17,181,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Armada Hoffler Properties by 4.9% during the second quarter. Vanguard Group Inc. now owns 5,748,489 shares of the real estate investment trust’s stock valued at $95,137,000 after buying an additional 269,099 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $103,000. BlackRock Inc. raised its holdings in shares of Armada Hoffler Properties by 3.7% during the second quarter. BlackRock Inc. now owns 7,974,054 shares of the real estate investment trust’s stock valued at $131,970,000 after buying an additional 282,247 shares during the last quarter. Virtus ETF Advisers LLC bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at approximately $2,773,000. Finally, Miles Capital Inc. raised its holdings in shares of Armada Hoffler Properties by 10.3% during the second quarter. Miles Capital Inc. now owns 18,908 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 1,769 shares during the last quarter. 85.89% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. DA Davidson reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, July 30th. Finally, ValuEngine cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, June 27th.
NYSE:AHH traded down $0.02 during midday trading on Wednesday, hitting $18.25. 4,807 shares of the stock were exchanged, compared to its average volume of 240,526. Armada Hoffler Properties Inc has a one year low of $13.53 and a one year high of $18.38. The company has a market capitalization of $967.95 million, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.77 and a beta of 0.46. The business has a 50-day moving average price of $17.41 and a two-hundred day moving average price of $16.49. The company has a current ratio of 12.83, a quick ratio of 12.83 and a debt-to-equity ratio of 1.86.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.21). Armada Hoffler Properties had a return on equity of 4.16% and a net margin of 10.16%. The firm had revenue of $36.38 million for the quarter, compared to the consensus estimate of $34.01 million. Sell-side analysts forecast that Armada Hoffler Properties Inc will post 1.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $0.84 annualized dividend and a yield of 4.60%. Armada Hoffler Properties’s payout ratio is 81.55%.
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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