Principal Financial Group Inc. increased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 424,956 shares of the real estate investment trust's stock after buying an additional 70,930 shares during the period. Principal Financial Group Inc. owned 0.42% of Armada Hoffler Properties worth $4,347,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Vision Capital Corp purchased a new stake in shares of Armada Hoffler Properties during the third quarter worth $11,913,000. Sound Income Strategies LLC bought a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at $9,049,000. Franklin Resources Inc. lifted its holdings 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 purchasing an additional 158,625 shares in the last quarter. FMR LLC boosted its stake in Armada Hoffler Properties by 6.4% in the 3rd quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust's stock worth $25,313,000 after purchasing an additional 140,964 shares during the period. Finally, Verition Fund Management LLC grew its holdings in Armada Hoffler Properties by 516.8% during the 3rd quarter. Verition Fund Management LLC now owns 146,444 shares of the real estate investment trust's stock valued at $1,586,000 after buying an additional 122,701 shares in the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Scotiabank lowered their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Friday.
Check Out Our Latest Stock Report on Armada Hoffler Properties
Armada Hoffler Properties Price Performance
Shares of NYSE AHH opened at $9.13 on Tuesday. The stock's 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $10.71. Armada Hoffler Properties, Inc. has a twelve month low of $8.76 and a twelve month high of $12.46. The firm has a market capitalization of $925.42 million, a P/E ratio of 28.53 and a beta of 1.03. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.
Armada Hoffler Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Thursday, December 26th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 8.98%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is currently 256.25%.
Insider Transactions at Armada Hoffler Properties
In other news, Director Dennis H. Gartman acquired 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the acquisition, the director now owns 31,649 shares in the company, valued at approximately $343,391.65. This represents a 16.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is currently owned by insiders.
Armada Hoffler Properties Company Profile
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Free Report)
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.
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