Legal & General Group Plc boosted its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 12.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,958 shares of the real estate investment trust’s stock after buying an additional 967 shares during the period. Legal & General Group Plc’s holdings in Armada Hoffler Properties were worth $123,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Armada Hoffler Properties by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,738 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 252 shares during the period. BTC Capital Management Inc. boosted its position in shares of Armada Hoffler Properties by 8.8% in the first quarter. BTC Capital Management Inc. now owns 12,447 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,008 shares during the period. M&T Bank Corp boosted its position in shares of Armada Hoffler Properties by 13.7% in the first quarter. M&T Bank Corp now owns 12,603 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 1,518 shares during the period. HL Financial Services LLC boosted its position in shares of Armada Hoffler Properties by 6.9% in the first quarter. HL Financial Services LLC now owns 13,270 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 860 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Armada Hoffler Properties during the first quarter valued at about $193,000. Institutional investors own 64.65% of the company’s stock.

Shares of Armada Hoffler Properties, Inc. (AHH) traded down 1.21% during trading on Friday, hitting $13.03. The stock had a trading volume of 35,980 shares. The stock’s 50 day moving average is $13.16 and its 200 day moving average is $13.58. The stock has a market capitalization of $817.98 million, a price-to-earnings ratio of 26.65 and a beta of 0.54. Armada Hoffler Properties, Inc. has a 52 week low of $12.52 and a 52 week high of $14.98.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $26.76 million for the quarter, compared to the consensus estimate of $27.18 million. During the same quarter in the prior year, the business earned $0.26 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that Armada Hoffler Properties, Inc. will post $0.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio is 158.34%.

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Several brokerages have recently issued reports on AHH. Zacks Investment Research cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. Robert W. Baird reiterated an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research report on Friday, July 14th. BidaskClub upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price target (up from $14.50) on shares of Armada Hoffler Properties in a research report on Wednesday, May 3rd. Finally, FBR & Co reiterated an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.92.

In other news, CEO Louis S. Haddad acquired 10,000 shares of Armada Hoffler Properties stock in a transaction on Friday, June 23rd. The shares were purchased at an average price of $13.39 per share, with a total value of $133,900.00. Following the acquisition, the chief executive officer now owns 252,221 shares in the company, valued at $3,377,239.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. 20.87% of the stock is currently owned by corporate insiders.

Armada Hoffler Properties Company Profile

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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