Armada Hoffler Properties, Inc. (AHH) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC grew its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 7.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,602,000 shares of the real estate investment trust’s stock after acquiring an additional 104,700 shares during the period. Renaissance Technologies LLC owned about 2.55% of Armada Hoffler Properties worth $20,746,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of AHH. State of Alaska Department of Revenue purchased a new position in shares of Armada Hoffler Properties during the 2nd quarter worth approximately $113,000. Legal & General Group Plc grew its holdings in shares of 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 worth $123,000 after acquiring an additional 967 shares during the period. Loeb Partners Corp purchased a new position in shares of Armada Hoffler Properties during the 2nd quarter worth approximately $129,000. US Bancorp DE grew its holdings in shares of Armada Hoffler Properties by 15,303.0% during the 2nd quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 10,100 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Armada Hoffler Properties during the 2nd quarter worth approximately $137,000. Hedge funds and other institutional investors own 81.41% of the company’s stock.
A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Monday. FBR & Co reissued a “buy” rating on shares of Armada Hoffler Properties in a research report on Tuesday, October 3rd. ValuEngine raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 price target on shares of Armada Hoffler Properties in a research report on Thursday, September 21st. Finally, Bank of America Corporation initiated coverage on Armada Hoffler Properties in a research report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.75.
Armada Hoffler Properties, Inc. (NYSE AHH) opened at 14.14 on Thursday. The company has a market capitalization of $887.67 million, a PE ratio of 28.92 and a beta of 0.54. The company has a 50-day moving average price of $13.65 and a 200 day moving average price of $13.55. Armada Hoffler Properties, Inc. has a 52-week low of $12.66 and a 52-week high of $14.98.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $26.76 million during the quarter, compared to the consensus estimate of $27.18 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. Armada Hoffler Properties’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post $0.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $0.76 annualized dividend and a yield of 5.37%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 158.34%.
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Armada Hoffler Properties 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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