Los Angeles Capital Management LLC Has $772,000 Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Los Angeles Capital Management LLC raised its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 179.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,417 shares of the real estate investment trust's stock after buying an additional 48,447 shares during the period. Los Angeles Capital Management LLC owned 0.07% of Armada Hoffler Properties worth $772,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Armada Hoffler Properties by 6.4% in the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock worth $25,313,000 after buying an additional 140,964 shares during the last quarter. Franklin Resources Inc. lifted its position in Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust's stock worth $20,989,000 after acquiring an additional 158,625 shares during the last quarter. Geode Capital Management LLC lifted its position in Armada Hoffler Properties by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust's stock worth $19,127,000 after acquiring an additional 56,777 shares during the last quarter. Vision Capital Corp bought a new stake in Armada Hoffler Properties during the third quarter valued at about $11,913,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at about $9,049,000. Institutional investors and hedge funds own 66.35% of the company's stock.

Insiders Place Their Bets

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the purchase, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. This trade represents a 16.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AHH shares. Scotiabank cut their price objective on Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating for the company in a research report on Friday. Stifel Nicolaus increased their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a "buy" rating in a research report on Tuesday, November 5th.

Armada Hoffler Properties Stock Performance

Shares of AHH traded down $0.05 during trading hours on Monday, reaching $9.13. 624,991 shares of the company traded hands, compared to its average volume of 685,637. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81. The stock's fifty day moving average is $9.70 and its 200 day moving average is $10.73. Armada Hoffler Properties, Inc. has a 1-year low of $8.76 and a 1-year high of $12.46. The stock has a market cap of $925.42 million, a P/E ratio of 28.53 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The firm had revenue of $62.95 million during the quarter, compared to analysts' expectations of $66.67 million. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Thursday, December 26th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 8.98%. Armada Hoffler Properties's dividend payout ratio is currently 256.25%.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the "Company") is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.