Panagora Asset Management Inc. grew its holdings in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 307.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 94,128 shares of the real estate investment trust’s stock after acquiring an additional 71,008 shares during the period. Panagora Asset Management Inc. owned about 0.19% of Armada Hoffler Properties worth $1,422,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Pinebridge Investments L.P. raised its stake in shares of Armada Hoffler Properties by 14.8% during the second quarter. Pinebridge Investments L.P. now owns 27,230 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 3,502 shares during the last quarter. American International Group Inc. increased its position in shares of Armada Hoffler Properties by 10.2% during the third quarter. American International Group Inc. now owns 38,230 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 3,526 shares during the period. United Services Automobile Association increased its position in shares of Armada Hoffler Properties by 30.1% during the second quarter. United Services Automobile Association now owns 15,930 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 3,690 shares during the period. Rhumbline Advisers increased its position in shares of Armada Hoffler Properties by 3.4% during the third quarter. Rhumbline Advisers now owns 117,493 shares of the real estate investment trust’s stock worth $1,775,000 after buying an additional 3,828 shares during the period. Finally, Teachers Insurance & Annuity Association of America increased its position in shares of Armada Hoffler Properties by 6.5% during the third quarter. Teachers Insurance & Annuity Association of America now owns 64,572 shares of the real estate investment trust’s stock worth $976,000 after buying an additional 3,961 shares during the period. 83.14% of the stock is owned by hedge funds and other institutional investors.

AHH opened at $15.23 on Friday. Armada Hoffler Properties Inc has a twelve month low of $12.73 and a twelve month high of $16.17. The company has a quick ratio of 10.24, a current ratio of 10.24 and a debt-to-equity ratio of 1.42. The firm has a market cap of $755.83 million, a PE ratio of 15.86, a PEG ratio of 3.22 and a beta of 0.48.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Armada Hoffler Properties had a return on equity of 4.41% and a net margin of 9.20%. The firm had revenue of $28.93 million for the quarter, compared to analyst estimates of $29.38 million. As a group, research analysts anticipate that Armada Hoffler Properties Inc will post 1.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Wednesday, December 26th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Monday, December 24th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 80.81%.

Several equities research analysts have recently weighed in on AHH shares. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $16.45.

In other news, CEO Louis S. Haddad acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The stock was bought at an average cost of $14.82 per share, for a total transaction of $222,300.00. Following the completion of the transaction, the chief executive officer now directly owns 299,363 shares in the company, valued at approximately $4,436,559.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.40% of the company’s stock.

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Armada Hoffler Properties Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly 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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Institutional Ownership by Quarter for Armada Hoffler Properties (NYSE:AHH)

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