Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 61.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,036 shares of the real estate investment trust’s stock after purchasing an additional 7,985 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Armada Hoffler Properties were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AHH. Steward Partners Investment Advisory LLC lifted its stake in Armada Hoffler Properties by 80.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 2,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Armada Hoffler Properties by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,166,090 shares of the real estate investment trust’s stock worth $11,929,000 after purchasing an additional 98,829 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Armada Hoffler Properties by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,190 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Armada Hoffler Properties in the 4th quarter worth approximately $202,000. Finally, Raymond James Financial Inc. purchased a new position in Armada Hoffler Properties in the 4th quarter worth approximately $2,239,000. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $7.08 on Tuesday. The company has a fifty day simple moving average of $7.02 and a two-hundred day simple moving average of $7.99. The company has a market cap of $717.75 million, a price-to-earnings ratio of 88.56 and a beta of 1.10. 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, Inc. has a 52 week low of $6.10 and a 52 week high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.18 million. Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. As a group, equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 7.91%. Armada Hoffler Properties’s dividend payout ratio is presently 700.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AHH. Jefferies Financial Group began coverage on shares of Armada Hoffler Properties in a research report on Friday, June 27th. They set a “buy” rating and a $8.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Finally, Scotiabank reduced their price target on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 16th.

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.