Janney Montgomery Scott LLC Boosts Holdings in Armada Hoffler Properties Inc (AHH)

Janney Montgomery Scott LLC boosted its stake in Armada Hoffler Properties Inc (NYSE:AHH) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,888 shares of the real estate investment trust’s stock after purchasing an additional 16,339 shares during the quarter. Janney Montgomery Scott LLC owned about 0.46% of Armada Hoffler Properties worth $3,204,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Armada Hoffler Properties by 7.3% during the third quarter. BlackRock Inc. now owns 7,177,555 shares of the real estate investment trust’s stock valued at $108,453,000 after buying an additional 486,397 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Armada Hoffler Properties by 5.2% during the third quarter. Vanguard Group Inc now owns 4,992,269 shares of the real estate investment trust’s stock valued at $75,433,000 after buying an additional 247,103 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Armada Hoffler Properties by 5.2% during the third quarter. Vanguard Group Inc. now owns 4,992,269 shares of the real estate investment trust’s stock valued at $75,433,000 after buying an additional 247,103 shares during the last quarter. Renaissance Technologies LLC raised its position in Armada Hoffler Properties by 19.8% in the third quarter. Renaissance Technologies LLC now owns 3,170,761 shares of the real estate investment trust’s stock worth $47,910,000 after acquiring an additional 524,161 shares during the period. Finally, Alliancebernstein L.P. raised its position in Armada Hoffler Properties by 0.3% in the third quarter. Alliancebernstein L.P. now owns 2,440,183 shares of the real estate investment trust’s stock worth $36,871,000 after acquiring an additional 7,705 shares during the period. Institutional investors and hedge funds own 83.39% of the company’s stock.

In other Armada Hoffler Properties news, CEO Louis S. Haddad purchased 15,000 shares of the stock in a transaction dated Wednesday, November 21st. The shares were bought at an average price of $14.82 per share, with a total value of $222,300.00. Following the completion of the transaction, the chief executive officer now directly owns 299,363 shares in the company, valued at approximately $4,436,559.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.40% of the company’s stock.

Shares of AHH stock opened at $15.29 on Wednesday. The stock has a market capitalization of $765.76 million, a price-to-earnings ratio of 14.84, a P/E/G ratio of 2.85 and a beta of 0.57. The company has a debt-to-equity ratio of 1.52, a quick ratio of 10.24 and a current ratio of 13.01. Armada Hoffler Properties Inc has a 52 week low of $12.94 and a 52 week high of $16.17.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.23). The company had revenue of $30.73 million during the quarter, compared to the consensus estimate of $30.11 million. Armada Hoffler Properties had a return on equity of 4.12% and a net margin of 9.55%. Research analysts predict that Armada Hoffler Properties Inc will post 1.15 earnings per share for the current year.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, January 1st. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Armada Hoffler Properties presently has an average rating of “Buy” and a consensus target price of $16.25.

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About Armada Hoffler Properties

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

Further Reading: Return On Assets

Institutional Ownership by Quarter for Armada Hoffler Properties (NYSE:AHH)

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