Comerica Bank trimmed its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) by 10.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,480 shares of the real estate investment trust's stock after selling 6,285 shares during the quarter. Comerica Bank owned 0.06% of Armada Hoffler Properties worth $579,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in shares of Armada Hoffler Properties in the 1st quarter worth approximately $35,000. KBC Group NV acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter worth approximately $69,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Armada Hoffler Properties in the 3rd quarter worth approximately $62,000. Captrust Financial Advisors acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter worth approximately $100,000. Finally, M&G Investment Management Ltd. acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter worth approximately $135,000. 67.03% of the stock is owned by institutional investors.
Get Armada Hoffler Properties alerts:Armada Hoffler Properties Stock Up 1.1 %
Armada Hoffler Properties stock opened at $12.50 on Friday. The company has a quick ratio of 11.71, a current ratio of 11.71 and a debt-to-equity ratio of 1.47. Armada Hoffler Properties, Inc. has a 12-month low of $10.04 and a 12-month high of $15.13. The firm's fifty day moving average is $11.89 and its 200 day moving average is $12.22. The company has a market capitalization of $1.10 billion, a PE ratio of 15.63, a PEG ratio of 8.24 and a beta of 0.89.
Armada Hoffler Properties (NYSE:AHH – Get Rating) last released its earnings results on Tuesday, November 8th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $54.41 million. As a group, sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.19 EPS for the current fiscal year.Armada Hoffler Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Wednesday, December 28th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 27th. This represents a $0.76 annualized dividend and a yield of 6.08%. Armada Hoffler Properties's payout ratio is 95.00%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Armada Hoffler Properties in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock.
Armada Hoffler Properties 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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