Armada Hoffler Properties, Inc. (NYSE:AHH) Position Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 179.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,417 shares of the real estate investment trust’s stock after acquiring an additional 48,447 shares during the period. Los Angeles Capital Management LLC owned approximately 0.07% of Armada Hoffler Properties worth $772,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Armada Hoffler Properties by 6.4% during the third quarter. FMR LLC now owns 2,337,275 shares of the real estate investment trust’s stock valued at $25,313,000 after purchasing an additional 140,964 shares in the last quarter. Franklin Resources Inc. increased its stake in Armada Hoffler Properties by 8.9% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,663 shares of the real estate investment trust’s stock valued at $20,989,000 after buying an additional 158,625 shares during the period. Geode Capital Management LLC raised its position in shares of Armada Hoffler Properties by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,765,811 shares of the real estate investment trust’s stock worth $19,127,000 after buying an additional 56,777 shares in the last quarter. Vision Capital Corp bought a new stake in shares of Armada Hoffler Properties during the 3rd quarter worth about $11,913,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Armada Hoffler Properties in the 4th quarter worth approximately $9,049,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares in the company, valued at approximately $343,391.65. The trade was a 16.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Stock Up 0.2 %

NYSE AHH opened at $9.18 on Monday. The company has a market capitalization of $929.98 million, a P/E ratio of 28.67 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 12 month low of $8.76 and a 12 month high of $12.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The company’s 50 day simple moving average is $9.70 and its 200 day simple moving average is $10.73.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were paid a $0.205 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.82 dividend on an annualized basis and a yield of 8.94%. Armada Hoffler Properties’s dividend payout ratio is currently 256.25%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AHH. Scotiabank dropped their target price on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday. Stifel Nicolaus boosted their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

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.