Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 680,046 shares of the real estate investment trust's stock after buying an additional 89,962 shares during the period. Bank of New York Mellon Corp owned about 0.67% of Armada Hoffler Properties worth $6,957,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at $292,000. Versor Investments LP purchased a new stake in shares of Armada Hoffler Properties in the third quarter worth about $108,000. KBC Group NV grew its stake in shares of Armada Hoffler Properties by 66.0% in the third quarter. KBC Group NV now owns 4,934 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 1,962 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Armada Hoffler Properties by 378.6% during the 3rd quarter. Quest Partners LLC now owns 61,806 shares of the real estate investment trust's stock valued at $669,000 after buying an additional 48,891 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Armada Hoffler Properties by 130.5% during the third quarter. Intech Investment Management LLC now owns 35,191 shares of the real estate investment trust's stock worth $381,000 after purchasing an additional 19,925 shares in the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, Scotiabank lowered 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 note on Friday, February 28th.

Armada Hoffler Properties Stock Up 2.4 %

Shares of Armada Hoffler Properties stock traded up $0.19 during trading on Wednesday, reaching $7.85. The company had a trading volume of 1,819,119 shares, compared to its average volume of 832,529. The company has a market cap of $794.86 million, a price-to-earnings ratio of 24.52 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $7.47 and a fifty-two week high of $12.46. The firm's fifty day moving average is $9.30 and its 200-day moving average is $10.43. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. On average, analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 26th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.56 dividend on an annualized basis and a yield of 7.14%. Armada Hoffler Properties's payout ratio is currently 175.00%.

Armada Hoffler Properties Profile

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.