Foster & Motley Inc. raised its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) by 18.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,030 shares of the real estate investment trust's stock after acquiring an additional 34,183 shares during the period. Foster & Motley Inc. owned about 0.25% of Armada Hoffler Properties worth $2,315,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Armada Hoffler Properties during the first quarter valued at about $35,000. KBC Group NV acquired a new stake in shares of Armada Hoffler Properties during the second quarter valued at about $69,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Armada Hoffler Properties during the third quarter valued at about $62,000. Captrust Financial Advisors acquired a new stake in shares of Armada Hoffler Properties during the second quarter valued at about $100,000. Finally, M&G Investment Management Ltd. acquired a new stake in shares of Armada Hoffler Properties during the second quarter valued at about $135,000. 67.03% of the stock is owned by institutional investors and hedge funds.
Get Armada Hoffler Properties alerts:Wall Street Analyst Weigh In
A number of analysts have recently commented on AHH shares. StockNews.com began coverage on Armada Hoffler Properties in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. TheStreet lowered Armada Hoffler Properties from a "b-" rating to a "c+" rating in a research note on Tuesday, September 27th.
Armada Hoffler Properties Price Performance
Armada Hoffler Properties stock opened at $12.25 on Tuesday. The stock's 50 day moving average is $11.87 and its 200 day moving average is $12.23. The company has a debt-to-equity ratio of 1.47, a current ratio of 11.71 and a quick ratio of 11.71. The firm has a market cap of $1.08 billion, a P/E ratio of 15.31, a P/E/G ratio of 8.17 and a beta of 0.89. Armada Hoffler Properties, Inc. has a one year low of $10.04 and a one year high of $15.13.Armada Hoffler Properties (NYSE:AHH – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.09. The company had revenue of $53.74 million for the quarter, compared to analyst estimates of $54.41 million. Armada Hoffler Properties had a return on equity of 12.02% and a net margin of 22.28%. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 1.19 EPS for the current year.
Armada Hoffler Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Wednesday, December 28th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, December 27th. This represents a $0.76 dividend on an annualized basis and a yield of 6.20%. Armada Hoffler Properties's payout ratio is currently 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.
Further Reading
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