Principal Financial Group Inc. Has $2.71 Million Stock Position in Armada Hoffler Properties, Inc. $AHH

Principal Financial Group Inc. lowered its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 22.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 386,919 shares of the real estate investment trust’s stock after selling 108,926 shares during the quarter. Principal Financial Group Inc. owned 0.37% of Armada Hoffler Properties worth $2,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AHH. Brown Advisory Inc. lifted its holdings in shares of Armada Hoffler Properties by 3,588.7% in the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after purchasing an additional 1,084,825 shares in the last quarter. Berman McAleer LLC purchased a new stake in Armada Hoffler Properties in the 3rd quarter worth about $7,317,000. Qube Research & Technologies Ltd boosted its position in Armada Hoffler Properties by 46.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust’s stock worth $10,697,000 after acquiring an additional 496,620 shares during the period. Jane Street Group LLC grew its stake in Armada Hoffler Properties by 434.6% during the 2nd quarter. Jane Street Group LLC now owns 384,421 shares of the real estate investment trust’s stock valued at $2,641,000 after acquiring an additional 312,516 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Armada Hoffler Properties by 13.1% during the 2nd quarter. Invesco Ltd. now owns 2,000,608 shares of the real estate investment trust’s stock valued at $13,744,000 after acquiring an additional 231,067 shares in the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 1.0%

Armada Hoffler Properties stock opened at $6.90 on Tuesday. The company has a current ratio of 7.14, a quick ratio of 7.14 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties, Inc. has a 1-year low of $6.01 and a 1-year high of $9.69. The firm’s fifty day simple moving average is $6.87 and its 200-day simple moving average is $6.83. The company has a market capitalization of $714.87 million, a P/E ratio of 36.29 and a beta of 1.04.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Wednesday, December 31st. Armada Hoffler Properties’s dividend payout ratio is 294.74%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. UBS Group set a $7.50 target price on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, October 28th. Wall Street Zen downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Scotiabank increased their price objective on Armada Hoffler Properties from $7.00 to $7.50 and gave the stock a “sector perform” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.10.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.