Janney Montgomery Scott LLC increased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 42.8% during the second quarter, Holdings Channel reports. The institutional investor owned 158,341 shares of the real estate investment trust’s stock after buying an additional 47,433 shares during the period. Janney Montgomery Scott LLC’s holdings in Armada Hoffler Properties were worth $2,051,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Virginia Retirement Systems ET AL bought a new stake in shares of Armada Hoffler Properties during the first quarter worth $525,000. Navellier & Associates Inc boosted its stake in shares of Armada Hoffler Properties by 24.0% in the first quarter. Navellier & Associates Inc now owns 59,557 shares of the real estate investment trust’s stock worth $827,000 after buying an additional 11,521 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Armada Hoffler Properties by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,556 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 223 shares in the last quarter. State Street Corp boosted its stake in shares of Armada Hoffler Properties by 7.6% in the fourth quarter. State Street Corp now owns 642,713 shares of the real estate investment trust’s stock worth $9,365,000 after buying an additional 45,436 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Armada Hoffler Properties by 9.1% in the first quarter. Swiss National Bank now owns 60,000 shares of the real estate investment trust’s stock worth $833,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 62.36% of the company’s stock.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The business had revenue of $26.76 million for the quarter, compared to analyst estimates of $27.18 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.

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Several equities research analysts have commented on the stock. Stifel Nicolaus dropped their price target on shares of Armada Hoffler Properties from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, May 12th. Robert W. Baird reiterated an “outperform” rating and issued a $15.00 price target on shares of Armada Hoffler Properties in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, April 12th. BidaskClub cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.92.

In other news, CEO Louis S. Haddad purchased 10,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were acquired at an average price of $13.39 per share, with a total value of $133,900.00. Following the completion of the purchase, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 20.87% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

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

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