US Bancorp DE boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 9,145.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,017 shares of the real estate investment trust's stock after acquiring an additional 38,595 shares during the quarter. US Bancorp DE's holdings in Armada Hoffler Properties were worth $399,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its stake in shares of Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 1,862 shares in the last quarter. Versor Investments LP raised its position in Armada Hoffler Properties by 49.0% in the 4th quarter. Versor Investments LP now owns 14,900 shares of the real estate investment trust's stock valued at $152,000 after purchasing an additional 4,900 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Armada Hoffler Properties during the fourth quarter worth about $202,000. Oregon Public Employees Retirement Fund grew its stake in shares of Armada Hoffler Properties by 17.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,730 shares of the real estate investment trust's stock valued at $192,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in Armada Hoffler Properties by 179.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 75,417 shares of the real estate investment trust's stock worth $772,000 after acquiring an additional 48,447 shares during the period. 66.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Scotiabank lowered their price target 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, February 28th.
Check Out Our Latest Stock Analysis on Armada Hoffler Properties
Armada Hoffler Properties Price Performance
NYSE:AHH traded down $1.01 during mid-day trading on Thursday, hitting $7.70. 2,589,757 shares of the company's stock traded hands, compared to its average volume of 744,816. 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, Inc. has a 1 year low of $7.61 and a 1 year high of $12.46. The firm's 50 day simple moving average is $9.49 and its 200 day simple moving average is $10.57. The company has a market cap of $779.66 million, a PE ratio of 24.05 and a beta of 1.04.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (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 business had revenue of $62.95 million during the quarter, compared to analysts' expectations of $66.67 million. Sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.
Armada Hoffler Properties Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Wednesday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 256.25%.
Armada Hoffler Properties Company Profile
(
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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