Macquarie Group Ltd. lifted its position in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,133,275 shares of the real estate investment trust’s stock after acquiring an additional 123,066 shares during the quarter. Macquarie Group Ltd. owned approximately 2.32% of Armada Hoffler Properties worth $16,886,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of AHH. Optimum Investment Advisors bought a new position in Armada Hoffler Properties in the 1st quarter worth about $115,000. Piedmont Investment Advisors LLC bought a new position in Armada Hoffler Properties in the 2nd quarter worth about $162,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Armada Hoffler Properties in the 2nd quarter worth about $202,000. Nisa Investment Advisors LLC bought a new position in Armada Hoffler Properties in the 2nd quarter worth about $206,000. Finally, Raymond James & Associates bought a new position in Armada Hoffler Properties in the 2nd quarter worth about $224,000. Institutional investors own 81.91% of the company’s stock.
AHH has been the subject of several analyst reports. ValuEngine downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, October 3rd. B. Riley raised their price target on Armada Hoffler Properties from $15.50 to $16.50 and gave the company a “buy” rating in a report on Wednesday, August 1st. DA Davidson set a $18.00 price target on Armada Hoffler Properties and gave the company a “buy” rating in a report on Thursday, July 5th. Finally, Bank of America raised their price target on Armada Hoffler Properties from $15.50 to $16.75 and gave the company a “buy” rating in a report on Monday, August 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.45.
Shares of NYSE:AHH traded down $0.18 on Friday, hitting $14.51. The company’s stock had a trading volume of 210,637 shares, compared to its average volume of 302,814. Armada Hoffler Properties Inc has a 1 year low of $12.73 and a 1 year high of $16.17. The stock has a market cap of $738.76 million, a P/E ratio of 14.66, a PEG ratio of 3.13 and a beta of 0.48. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 1.27.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Armada Hoffler Properties had a return on equity of 5.24% and a net margin of 9.85%. The firm had revenue of $28.60 million for the quarter, compared to analysts’ expectations of $29.10 million. On average, equities research analysts expect that Armada Hoffler Properties Inc will post 1.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Wednesday, September 26th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.51%. Armada Hoffler Properties’s dividend payout ratio is 80.81%.
Armada Hoffler Properties 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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