Miles Capital Inc. Has $313,000 Stock Position in Armada Hoffler Properties Inc (NYSE:AHH)

Miles Capital Inc. raised its position in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 10.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,908 shares of the real estate investment trust’s stock after purchasing an additional 1,769 shares during the period. Miles Capital Inc.’s holdings in Armada Hoffler Properties were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AHH. Renaissance Technologies LLC increased its holdings in shares of Armada Hoffler Properties by 0.9% during the second quarter. Renaissance Technologies LLC now owns 3,500,509 shares of the real estate investment trust’s stock worth $57,933,000 after buying an additional 32,400 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Armada Hoffler Properties by 4.3% during the first quarter. JPMorgan Chase & Co. now owns 1,358,325 shares of the real estate investment trust’s stock worth $21,176,000 after buying an additional 56,583 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Armada Hoffler Properties by 51.3% during the second quarter. Wells Fargo & Company MN now owns 650,760 shares of the real estate investment trust’s stock worth $10,770,000 after buying an additional 220,659 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Armada Hoffler Properties by 1.5% during the second quarter. Northern Trust Corp now owns 639,330 shares of the real estate investment trust’s stock worth $10,581,000 after buying an additional 9,643 shares in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its holdings in shares of Armada Hoffler Properties by 30.0% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 588,115 shares of the real estate investment trust’s stock worth $9,733,000 after buying an additional 135,545 shares in the last quarter. Institutional investors and hedge funds own 85.88% of the company’s stock.

Shares of NYSE:AHH traded down $0.13 during trading on Friday, hitting $17.91. 3,107 shares of the company were exchanged, compared to its average volume of 241,840. The business’s 50 day moving average is $17.28 and its 200-day moving average is $16.42. The company has a market capitalization of $936.72 million, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.72 and a beta of 0.46. The company has a quick ratio of 12.83, a current ratio of 12.83 and a debt-to-equity ratio of 1.86. Armada Hoffler Properties Inc has a 1-year low of $13.53 and a 1-year high of $18.14.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the 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 business had revenue of $36.38 million during the quarter, compared to the consensus estimate of $34.01 million. As a group, sell-side analysts anticipate that Armada Hoffler Properties Inc will post 1.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, September 24th. This represents a $0.84 annualized dividend and a dividend yield of 4.69%. Armada Hoffler Properties’s dividend payout ratio is 81.55%.

In other Armada Hoffler Properties news, Director James C. Cherry acquired 5,000 shares of Armada Hoffler Properties 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 $125,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $125,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael P. O’hara acquired 6,000 shares of Armada Hoffler Properties 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 $150,000.00. Following the purchase, the insider now owns 6,000 shares of the company’s stock, valued at $150,000. The disclosure for this purchase can be found here. Insiders own 13.30% of the company’s stock.

AHH has been the subject of several research analyst reports. ValuEngine downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Finally, DA Davidson reiterated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, July 30th.

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

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