Wealth Enhancement Advisory Services LLC Sells 24,149 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Wealth Enhancement Advisory Services LLC lowered its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 68.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,287 shares of the real estate investment trust’s stock after selling 24,149 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Armada Hoffler Properties were worth $85,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its holdings in shares of Armada Hoffler Properties by 80.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 2,000 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Armada Hoffler Properties by 23.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,551 shares during the last quarter. Caisse Des Depots ET Consignations purchased a new position in shares of Armada Hoffler Properties during the 4th quarter valued at $110,000. Quantinno Capital Management LP purchased a new position in shares of Armada Hoffler Properties during the 4th quarter valued at $115,000. Finally, Inspire Advisors LLC bought a new stake in shares of Armada Hoffler Properties during the 4th quarter valued at $122,000. Institutional investors own 66.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AHH. Stifel Nicolaus cut their price objective on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating for the company in a report on Thursday, May 8th. Scotiabank dropped their price objective on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Wednesday, April 16th. Finally, Jefferies Financial Group started coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They issued a “buy” rating and a $8.00 target price for the company.

Armada Hoffler Properties Trading Up 0.5%

AHH opened at $7.05 on Friday. The stock’s fifty day moving average is $7.02 and its two-hundred day moving average is $8.04. The company has a market capitalization of $713.80 million, a P/E ratio of 88.07 and a beta of 1.10. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $12.46. The company has a quick ratio of 12.47, a current ratio of 12.47 and a debt-to-equity ratio of 2.03.

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 analysts’ consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. The business had revenue of $63.80 million during the quarter, compared to analyst estimates of $63.18 million. Analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were paid a dividend of $0.14 per share. The ex-dividend date was Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 7.95%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 700.00%.

About Armada Hoffler Properties

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.