California State Teachers Retirement System Purchases 11,112 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

California State Teachers Retirement System grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 17.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 74,466 shares of the real estate investment trust’s stock after acquiring an additional 11,112 shares during the period. California State Teachers Retirement System owned 0.07% of Armada Hoffler Properties worth $762,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AHH. Barclays PLC lifted its stake in shares of Armada Hoffler Properties by 73.9% in the 3rd quarter. Barclays PLC now owns 215,192 shares of the real estate investment trust’s stock valued at $2,329,000 after acquiring an additional 91,461 shares during the last quarter. abrdn plc lifted its stake in shares of Armada Hoffler Properties by 30.6% in the 4th quarter. abrdn plc now owns 18,100 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 4,244 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Armada Hoffler Properties by 10.3% in the 4th quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 2,779 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Armada Hoffler Properties by 17.4% in the 4th quarter. State of Alaska Department of Revenue now owns 83,040 shares of the real estate investment trust’s stock valued at $848,000 after acquiring an additional 12,290 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Armada Hoffler Properties by 17.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 82,425 shares of the real estate investment trust’s stock valued at $843,000 after acquiring an additional 12,304 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 10,000 shares of the stock in a transaction dated Thursday, March 20th. The stock was purchased at an average cost of $7.70 per share, with a total value of $77,000.00. Following the transaction, the director now owns 69,430 shares in the company, valued at approximately $534,611. The trade was a 16.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders acquired 90,954 shares of company stock valued at $699,607. Corporate insiders own 10.20% of the company’s stock.

Armada Hoffler Properties Stock Up 0.4%

Shares of NYSE:AHH opened at $7.07 on Wednesday. The firm has a market cap of $715.83 million, a P/E ratio of 22.08 and a beta of 1.11. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.46. The business has a fifty day simple moving average of $6.91 and a 200 day simple moving average of $8.61.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. The business had revenue of $63.80 million during the quarter, compared to the consensus estimate of $63.18 million. Analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AHH. Scotiabank lowered their target price on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus lowered their target price on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating for the company in a research report on Thursday, May 8th.

Armada Hoffler Properties Profile

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.