Janney Montgomery Scott LLC increased its position in Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,595 shares of the real estate investment trust's stock after acquiring an additional 14,594 shares during the quarter. Janney Montgomery Scott LLC owned about 0.38% of Armada Hoffler Properties worth $3,494,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. abrdn plc increased its holdings in shares of Armada Hoffler Properties by 6.9% during the 2nd quarter. abrdn plc now owns 14,320 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 921 shares during the period. Texas Permanent School Fund increased its holdings in shares of Armada Hoffler Properties by 2.5% during the 2nd quarter. Texas Permanent School Fund now owns 48,937 shares of the real estate investment trust's stock worth $628,000 after purchasing an additional 1,207 shares during the period. First Trust Advisors LP increased its holdings in shares of Armada Hoffler Properties by 11.1% during the 1st quarter. First Trust Advisors LP now owns 13,644 shares of the real estate investment trust's stock worth $199,000 after purchasing an additional 1,366 shares during the period. American International Group Inc. increased its stake in Armada Hoffler Properties by 3.9% in the first quarter. American International Group Inc. now owns 38,243 shares of the real estate investment trust's stock valued at $558,000 after acquiring an additional 1,435 shares during the period. Finally, Arizona State Retirement System increased its stake in Armada Hoffler Properties by 9.7% in the second quarter. Arizona State Retirement System now owns 18,245 shares of the real estate investment trust's stock valued at $234,000 after acquiring an additional 1,619 shares during the period. Institutional investors own 67.03% of the company's stock.
Get Armada Hoffler Properties alerts:Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Armada Hoffler Properties in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. TheStreet lowered shares of Armada Hoffler Properties from a "b-" rating to a "c+" rating in a research report on Tuesday, September 27th.
Armada Hoffler Properties Price Performance
NYSE:AHH opened at $11.85 on Thursday. The firm has a market cap of $1.05 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 7.82 and a beta of 0.89. Armada Hoffler Properties, Inc. has a 12 month low of $10.04 and a 12 month high of $15.13. The company has a quick ratio of 11.71, a current ratio of 11.71 and a debt-to-equity ratio of 1.47. The company's 50-day moving average price is $11.76 and its two-hundred day moving average price is $12.28.Armada Hoffler Properties (NYSE:AHH – Get Rating) last announced its earnings results on Tuesday, November 8th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.09. Armada Hoffler Properties had a net margin of 22.28% and a return on equity of 12.02%. The company had revenue of $53.74 million for the quarter, compared to analyst estimates of $54.41 million. On average, equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.19 EPS for the current fiscal year.
Armada Hoffler Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Wednesday, December 28th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.41%. Armada Hoffler Properties's payout ratio is 95.00%.
Armada Hoffler Properties Company Profile
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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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