US Bancorp DE Buys 2,699 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

US Bancorp DE lifted its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 6.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,716 shares of the real estate investment trust’s stock after purchasing an additional 2,699 shares during the quarter. US Bancorp DE’s holdings in Armada Hoffler Properties were worth $313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AHH. Summit Investment Advisors Inc. boosted its position in shares of Armada Hoffler Properties by 23.2% during the 4th 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 in the last quarter. Quantinno Capital Management LP bought a new position in shares of Armada Hoffler Properties during the 4th quarter worth about $115,000. Focus Partners Wealth boosted its position in shares of Armada Hoffler Properties by 28.2% during the 4th quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 2,931 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Armada Hoffler Properties by 21.0% in the 4th quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 2,502 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Armada Hoffler Properties by 61.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 7,985 shares during the last quarter. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Up 1.1%

AHH opened at $7.23 on Thursday. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66. The firm has a market capitalization of $732.54 million, a PE ratio of 60.26 and a beta of 1.12. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.46. The company’s 50-day moving average is $6.99 and its 200 day moving average is $7.56.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $65.15 million during 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 3.40%. As a group, research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

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 $0.14 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 7.7%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 466.67%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They issued a “buy” rating and a $8.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, Scotiabank lowered their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock 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.