Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,082 shares of the real estate investment trust’s stock after acquiring an additional 5,343 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Armada Hoffler Properties worth $594,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AHH. Vanguard Group Inc. boosted its holdings in Armada Hoffler Properties by 9.5% in the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock worth $97,357,000 after acquiring an additional 829,392 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Armada Hoffler Properties by 118.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock worth $13,453,000 after purchasing an additional 713,010 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Armada Hoffler Properties by 58.3% during the first quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust’s stock worth $10,518,000 after purchasing an additional 515,999 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Armada Hoffler Properties by 15.3% during the fourth quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock worth $20,824,000 after purchasing an additional 269,367 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Armada Hoffler Properties by 35.6% during the fourth quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust’s stock worth $9,496,000 after purchasing an additional 243,541 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 0.9%

Shares of AHH stock opened at $6.81 on Thursday. The stock has a 50 day moving average of $6.99 and a 200 day moving average of $7.65. The company has a current ratio of 8.66, a quick ratio of 12.47 and a debt-to-equity ratio of 1.79. The stock has a market cap of $690.09 million, a P/E ratio of 56.76 and a beta of 1.12. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $65.15 million for the quarter, compared to analysts’ expectations of $63.29 million. Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.21%. As a group, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 8.2%. The ex-dividend date was Monday, June 30th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 700.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group assumed coverage on Armada Hoffler Properties in a report on Friday, June 27th. They set a “buy” rating and a $8.00 target price for the company. Stifel Nicolaus decreased their target price 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. Finally, Scotiabank decreased their target price 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.

Armada Hoffler Properties Company 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.