Vanguard Group Inc. Lowers Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Vanguard Group Inc. reduced its stake in Armada Hoffler Properties, Inc. (NYSE:AHHFree Report) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,692,253 shares of the real estate investment trust’s stock after selling 8,333 shares during the quarter. Vanguard Group Inc. owned approximately 8.70% of Armada Hoffler Properties worth $95,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in Armada Hoffler Properties by 224.3% in the 4th quarter. Quadrant Capital Group LLC now owns 4,125 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,853 shares during the period. Van ECK Associates Corp grew its stake in Armada Hoffler Properties by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 9,441 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,552 shares during the period. Quadrature Capital Ltd bought a new position in Armada Hoffler Properties in the 3rd quarter valued at $143,000. Custom Index Systems LLC bought a new position in Armada Hoffler Properties in the 4th quarter valued at $267,000. Finally, AXS Investments LLC bought a new position in Armada Hoffler Properties in the 4th quarter valued at $307,000. 66.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd.

Get Our Latest Report on AHH

Armada Hoffler Properties Stock Down 0.2 %

AHH stock opened at $10.94 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 9.54 and a current ratio of 9.54. The company has a market capitalization of $971.25 million, a price-to-earnings ratio of 121.57 and a beta of 1.03. Armada Hoffler Properties, Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $13.11. The stock has a fifty day moving average of $11.13 and a 200-day moving average of $11.21.

Armada Hoffler Properties (NYSE:AHHGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.14). The firm had revenue of $61.88 million for the quarter, compared to the consensus estimate of $61.55 million. Armada Hoffler Properties had a return on equity of 2.96% and a net margin of 2.76%. As a group, equities research analysts predict that Armada Hoffler Properties, Inc. will post 1.25 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th were issued a $0.205 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $0.82 annualized dividend and a dividend yield of 7.50%. Armada Hoffler Properties’s payout ratio is currently 911.21%.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, insider Eric E. Apperson sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $11.59, for a total value of $463,600.00. Following the sale, the insider now owns 53,867 shares of the company’s stock, valued at approximately $624,318.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Company Profile

(Free Report)

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

Further Reading

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

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