Thrivent Financial For Lutherans acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 984,746 shares of the real estate investment trust’s stock, valued at approximately $12,753,000. Thrivent Financial For Lutherans owned 1.57% of Armada Hoffler Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Armada Hoffler Properties by 0.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,035 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 87 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Armada Hoffler Properties by 2.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,738 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 252 shares during the period. California Public Employees Retirement System boosted its holdings in Armada Hoffler Properties by 0.3% during the 1st quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock valued at $1,636,000 after acquiring an additional 400 shares during the period. Legal & General Group Plc boosted its holdings in Armada Hoffler Properties by 12.1% during the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 967 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Armada Hoffler Properties by 0.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 189,371 shares of the real estate investment trust’s stock valued at $2,630,000 after acquiring an additional 1,392 shares during the period. Institutional investors own 81.41% of the company’s stock.

A number of equities analysts recently issued reports on the company. Bank of America Corporation assumed coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They set a “buy” rating and a $15.00 price objective for the company. BidaskClub cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Zacks Investment Research cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird restated an “outperform” rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Friday, July 14th. Finally, FBR & Co restated an “outperform” rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.93.

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) opened at 13.65 on Thursday. The stock has a market capitalization of $856.91 million, a PE ratio of 27.91 and a beta of 0.54. The firm has a 50 day moving average price of $13.38 and a 200 day moving average price of $13.52. Armada Hoffler Properties, Inc. has a one year low of $12.52 and a one year high of $14.98.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 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 business had revenue of $26.76 million during the quarter, compared to analyst estimates of $27.18 million. During the same period last year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts predict that Armada Hoffler Properties, Inc. will post $0.41 earnings per share for the current fiscal 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 given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 5.57%. Armada Hoffler Properties’s dividend payout ratio is currently 158.34%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/21/984746-shares-in-armada-hoffler-properties-inc-ahh-purchased-by-thrivent-financial-for-lutherans.html.

In other news, CEO Louis S. Haddad purchased 10,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was acquired at an average cost of $13.39 per share, for a total transaction of $133,900.00. Following the completion of the transaction, the chief executive officer now directly owns 252,221 shares in the company, valued at approximately $3,377,239.19. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.

Want to see what other hedge funds are holding AHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armada Hoffler Properties, Inc. (NYSE:AHH).

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

Receive News & Ratings for Armada Hoffler Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.