Armada Hoffler Properties, Inc. (NYSE:AHH) Stock Holdings Decreased by Van ECK Associates Corp

Van ECK Associates Corp reduced its position in Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) by 36.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,868 shares of the real estate investment trust’s stock after selling 2,219 shares during the period. Van ECK Associates Corp’s holdings in Armada Hoffler Properties were worth $40,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Armada Hoffler Properties in the second quarter worth approximately $277,000. New York State Teachers Retirement System grew its position in Armada Hoffler Properties by 6.8% during the second quarter. New York State Teachers Retirement System now owns 102,692 shares of the real estate investment trust’s stock valued at $1,319,000 after purchasing an additional 6,500 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its position in Armada Hoffler Properties by 1.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 514,507 shares of the real estate investment trust’s stock valued at $6,606,000 after purchasing an additional 6,200 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Armada Hoffler Properties by 1.7% during the second quarter. Janney Montgomery Scott LLC now owns 322,001 shares of the real estate investment trust’s stock valued at $4,147,000 after purchasing an additional 5,302 shares in the last quarter. Finally, Captrust Financial Advisors purchased a new position in Armada Hoffler Properties during the second quarter valued at approximately $100,000. 67.03% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Price Performance

NYSE AHH opened at $12.12 on Friday. The company has a quick ratio of 11.71, a current ratio of 11.71 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $1.07 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 8.25 and a beta of 0.89. The company has a 50 day moving average price of $11.86 and a two-hundred day moving average price of $12.24. Armada Hoffler Properties, Inc. has a 12-month low of $10.04 and a 12-month high of $15.13.

Armada Hoffler Properties (NYSE:AHH – Get Rating) last posted its earnings results on Tuesday, November 8th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.09. The firm had revenue of $53.74 million during the quarter, compared to analysts’ expectations of $54.41 million. Armada Hoffler Properties had a net margin of 22.28% and a return on equity of 12.02%. As a group, equities analysts predict that Armada Hoffler Properties, Inc. will post 1.19 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Wednesday, December 28th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was Tuesday, December 27th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 95.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AHH. StockNews.com began coverage on shares of Armada Hoffler Properties in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet downgraded shares of Armada Hoffler Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, September 27th.

Armada Hoffler Properties Company Profile

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Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with 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.