The institutional investor owned 38,282 shares of the real estate investment trust's stock at the end of the first quarter.
Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in Armada Hoffler Properties during the fourth quarter worth $1,560,000. Renaissance Technologies LLC increased its stake in Armada Hoffler Properties by 19.5% in the fourth quarter. Ltd. now owns 81,563 shares of the real estate investment trust's stock valued at $1,174,000 after buying an additional 6,663 shares during the last quarter. Martingale Asset Management L P boosted its stake in Armada Hoffler Properties by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 283,128 shares of the real estate investment trust's stock valued at $3,932,000 after buying an additional 11,992 shares during the period. Renaissance Technologies LLC boosted its position in Armada Hoffler Properties by 8.3% in the first quarter. FMR LLC now owns 1,884,814 shares of the real estate investment trust's stock worth $27,462,000 after buying an additional 179,200 shares in the last quarter.
Investors wait Armada Hoffler Properties Inc (NYSE:AHH) to report on August, 1. its quarterly earnings Wall Street analysts expect $0.25 earnings per share, down $0.01 or 3.85 % from last year's $0.26 same quarter earnings. AHH's profit would be $15.31M giving it 12.94 P/E if the $0.25 EPS is correct. Armada Hoffler Properties has $14.50 highest and $14 lowest target. The stock has a market cap of $493.08 million, a P/E ratio of 27.34 and a beta of 0.53. The firm has a 50-day moving average of $13.38 and a 200 day moving average of $13.87.
Shares of Armada Hoffler Properties (NYSE AHH) traded up 0.08% during trading on Tuesday, reaching $12.95. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. Cornerstone Management Limited Liability Com has invested 0% of its portfolio in Armada Hoffler Properties Inc (NYSE:AHH). The firm had revenue of $27.20 million for the quarter, compared to analysts' expectations of $26.87 million. The company's revenue was up 16.7% on a year-over-year basis.
Ratings analysis reveals 33% of Armada Hoffler Properties's analysts are positive.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 28th will be given a dividend of $0.19 per share. The dividend payment will be $0.190 per share for the quarter which is $0.76 annualized. The ex-dividend date of this dividend is Monday, June 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is 165.22%. "(NYSE:AHH) Lowered to "Hold" at Stifel Nicolaus" was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of United States & global copyright law. Armada Hoffler Properties Inc (NYSE:AHH) has risen 9.92% since July 3, 2016 and is uptrending.
A number of analysts have recently issued reports on AHH shares. State Street Corp holds 0% in Armada Hoffler Properties Inc (NYSE:AHH) or 642,713 shares. Stifel Nicolaus downgraded Armada Hoffler Properties from a "buy" rating to a "hold" rating and reduced their price target for the company from $14.50 to $14.00 in a report on Thursday.
January 21 investment analysts at Stifel Nicolaus held the company rating at "Buy" but raised the price target to $11.50 from $10.50. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of "Hold" and an average target price of $14.88.
In other news, CEO Louis S. Haddad purchased 10,000 shares of the business's stock in a transaction dated Friday, June 23rd. Bank of America Corp DE now owns 230,925 shares of the real estate investment trust's stock valued at $3,208,000 after buying an additional 46,665 shares during the period. Following the purchase, the chief executive officer now directly owns 252,221 shares in the company, valued at approximately $3,377,239.19. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Armada Hoffler Properties, Inc is a real estate company. The Company is involved in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and manufactures properties for its own account and through joint ventures between the Company and unaffiliated partners.
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