UBS Asset Management Americas Inc. purchased a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,900 shares of the real estate investment trust’s stock, valued at approximately $193,000.
A number of other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Armada Hoffler Properties by 7.6% in the fourth quarter. State Street Corp now owns 642,713 shares of the real estate investment trust’s stock valued at $9,365,000 after buying an additional 45,436 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Armada Hoffler Properties by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,556 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 223 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Armada Hoffler Properties by 5.6% in the fourth quarter. Teachers Advisors LLC now owns 64,323 shares of the real estate investment trust’s stock valued at $937,000 after buying an additional 3,412 shares during the last quarter. Pensionfund Sabic raised its stake in shares of Armada Hoffler Properties by 23.7% in the first quarter. Pensionfund Sabic now owns 26,101 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 5,000 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Armada Hoffler Properties by 331.4% in the first quarter. Bank of Montreal Can now owns 49,597 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 38,100 shares during the last quarter. 64.65% of the stock is owned by institutional investors.
Armada Hoffler Properties, Inc. (AHH) traded up 0.23% on Wednesday, reaching $13.20. 156,227 shares of the company’s stock were exchanged. Armada Hoffler Properties, Inc. has a 1-year low of $12.52 and a 1-year high of $14.98. The company has a 50 day moving average price of $13.16 and a 200-day moving average price of $13.59. The company has a market capitalization of $828.66 million, a PE ratio of 26.99 and a beta of 0.54.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The firm had revenue of $26.76 million for the quarter, compared to analyst estimates of $27.18 million. During the same period last year, the company earned $0.26 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post $0.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio is currently 158.34%.
Several equities research analysts have issued reports on AHH shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $15.00 target price (up previously from $14.50) on shares of Armada Hoffler Properties in a research note on Wednesday, May 3rd. Zacks Investment Research cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Thursday, May 4th. ValuEngine cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, FBR & Co reissued an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.92.
In other news, CEO Louis S. Haddad acquired 10,000 shares of Armada Hoffler Properties stock in a transaction dated Friday, June 23rd. The shares were acquired at an average cost of $13.39 per share, with a total value of $133,900.00. Following the purchase, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 20.87% of the company’s stock.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged 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 builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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