Wilbanks Smith & Thomas Asset Management LLC increased its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 262,267 shares of the real estate investment trust’s stock after purchasing an additional 10,000 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC owned approximately 0.42% of Armada Hoffler Properties worth $3,396,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of AHH. State of Alaska Department of Revenue acquired a new stake in Armada Hoffler Properties in the 2nd quarter worth approximately $113,000. Legal & General Group Plc lifted its holdings in Armada Hoffler Properties by 12.1% in the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 967 shares during the last quarter. Loeb Partners Corp acquired a new stake in Armada Hoffler Properties in the 2nd quarter worth approximately $129,000. Institute for Wealth Management LLC. acquired a new stake in Armada Hoffler Properties in the 2nd quarter worth approximately $130,000. Finally, US Bancorp DE lifted its holdings in Armada Hoffler Properties by 15,303.0% in the 2nd quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 10,100 shares during the last quarter. Hedge funds and other institutional investors own 81.41% of the company’s stock.
Several research firms recently weighed in on AHH. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Zacks Investment Research lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Monday. Stifel Nicolaus lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their target price for the stock from $14.50 to $14.00 in a report on Thursday, June 22nd. Finally, BidaskClub lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.75.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The company had revenue of $26.76 million during the quarter, compared to the consensus estimate of $27.18 million. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts predict that Armada Hoffler Properties, Inc. will post $0.41 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 5.46%. Armada Hoffler Properties’s dividend payout ratio is currently 158.34%.
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Armada Hoffler Properties Profile
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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