Raymond James & Associates grew its position in Armada Hoffler Properties Inc (NYSE:AHH) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,696 shares of the real estate investment trust’s stock after buying an additional 1,298 shares during the period. Raymond James & Associates’ holdings in Armada Hoffler Properties were worth $249,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Armada Hoffler Properties by 3.8% in the fourth quarter. BlackRock Inc. now owns 7,448,888 shares of the real estate investment trust’s stock worth $104,730,000 after buying an additional 271,333 shares during the last quarter. Vanguard Group Inc. raised its holdings in Armada Hoffler Properties by 5.2% in the third quarter. Vanguard Group Inc. now owns 4,992,269 shares of the real estate investment trust’s stock worth $75,433,000 after buying an additional 247,103 shares during the last quarter. Vanguard Group Inc raised its holdings in Armada Hoffler Properties by 5.2% in the third quarter. Vanguard Group Inc now owns 4,992,269 shares of the real estate investment trust’s stock worth $75,433,000 after buying an additional 247,103 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Armada Hoffler Properties by 26.6% in the third quarter. Macquarie Group Ltd. now owns 1,434,909 shares of the real estate investment trust’s stock worth $21,681,000 after buying an additional 301,634 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Armada Hoffler Properties by 2.0% in the third quarter. Thrivent Financial for Lutherans now owns 800,273 shares of the real estate investment trust’s stock worth $12,092,000 after buying an additional 15,549 shares during the last quarter. 82.98% of the stock is owned by institutional investors and hedge funds.
AHH opened at $15.66 on Monday. The company has a debt-to-equity ratio of 1.52, a current ratio of 13.01 and a quick ratio of 13.01. Armada Hoffler Properties Inc has a twelve month low of $13.01 and a twelve month high of $16.17. The company has a market cap of $790.26 million, a PE ratio of 15.20, a P/E/G ratio of 3.10 and a beta of 0.54.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.36%. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Tuesday, March 26th. Armada Hoffler Properties’s payout ratio is presently 81.55%.
In related news, CEO Louis S. Haddad acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $15.31 per share, with a total value of $229,650.00. Following the completion of the acquisition, the chief executive officer now directly owns 320,530 shares of the company’s stock, valued at $4,907,314.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.40% of the stock is owned by insiders.
AHH has been the subject of several recent analyst reports. ValuEngine cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.25.
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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 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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