Principal Financial Group Inc. Has $3.27 Million Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

Principal Financial Group Inc. raised its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435,978 shares of the real estate investment trust’s stock after buying an additional 11,022 shares during the period. Principal Financial Group Inc. owned 0.43% of Armada Hoffler Properties worth $3,274,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its position in Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,551 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth approximately $110,000. Quantinno Capital Management LP bought a new stake in Armada Hoffler Properties during the fourth quarter worth $115,000. Focus Partners Wealth boosted its position in Armada Hoffler Properties by 28.2% in the fourth quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 2,931 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Armada Hoffler Properties by 9.3% during the fourth 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 during the period. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $7.12 on Friday. The company has a 50 day moving average price of $7.04 and a 200-day moving average price of $7.94. The company has a quick ratio of 12.47, a current ratio of 12.47 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $720.89 million, a PE ratio of 88.95 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.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate 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 company had revenue of $63.80 million during the quarter, compared to analysts’ expectations of $63.18 million. As a group, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 7.87%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties’s payout ratio is 700.00%.

Analyst Ratings Changes

Several equities research analysts have weighed in on AHH shares. Jefferies Financial Group initiated coverage on shares of Armada Hoffler Properties in a research note on Friday, June 27th. They issued a “buy” rating and a $8.00 price target for the company. Scotiabank cut their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their price target on shares of 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.