Menta Capital LLC Takes Position in Armada Hoffler Properties Inc (AHH)
Menta Capital LLC acquired a new stake in Armada Hoffler Properties Inc (NYSE:AHH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,251 shares of the real estate investment trust’s stock, valued at approximately $566,000. Menta Capital LLC owned about 0.08% of Armada Hoffler Properties at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Armada Hoffler Properties by 31.0% in the third quarter. AQR Capital Management LLC now owns 128,431 shares of the real estate investment trust’s stock valued at $1,941,000 after buying an additional 30,419 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Armada Hoffler Properties in the third quarter valued at approximately $176,000. Bank of New York Mellon Corp raised its position in shares of Armada Hoffler Properties by 6.1% in the second quarter. Bank of New York Mellon Corp now owns 678,438 shares of the real estate investment trust’s stock valued at $10,108,000 after buying an additional 38,745 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of Armada Hoffler Properties by 418.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,717 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 5,422 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Armada Hoffler Properties by 21.4% in the third quarter. Janney Montgomery Scott LLC now owns 211,549 shares of the real estate investment trust’s stock valued at $3,197,000 after buying an additional 37,238 shares during the last quarter. 84.13% of the stock is owned by institutional investors and hedge funds.
Shares of AHH stock opened at $15.42 on Friday. Armada Hoffler Properties Inc has a one year low of $12.94 and a one year high of $16.17. The company has a quick ratio of 13.01, a current ratio of 13.01 and a debt-to-equity ratio of 1.52. The company has a market cap of $780.70 million, a P/E ratio of 14.97, a P/E/G ratio of 3.05 and a beta of 0.54.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, March 27th will be given a dividend of $0.21 per share. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. The ex-dividend date is Tuesday, March 26th. This represents a $0.84 annualized dividend and a yield of 5.45%. Armada Hoffler Properties’s dividend payout ratio is 77.67%.
In related news, CEO Louis S. Haddad purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average price of $15.31 per share, with a total value of $229,650.00. Following the completion of the transaction, the chief executive officer now owns 320,530 shares of the company’s stock, valued at approximately $4,907,314.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.40% of the company’s stock.
Several equities analysts recently commented on AHH shares. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, January 1st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Armada Hoffler Properties currently has an average rating of “Buy” and an average target price of $16.25.
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About Armada Hoffler Properties
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with 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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