2 weeks Ago By Defense World Staff
Legal & General Group Plc increased its stake in shares of Armada Hoffler Properties, Inc. ( NYSE:AHH – Free Report ) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 534,447 shares of the real estate investment trust’s stock after acquiring an additional 68,173 shares during the quarter. Legal & General Group Plc owned about 0.53% of Armada Hoffler Properties worth $5,467,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in Armada Hoffler Properties by 80.0% during the 4th quarter.
Steward Partners Investment Advisory LLC now owns 4,500 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,000 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in Armada Hoffler Properties in the 4th quarter worth approximately $107,000. Caisse Des Depots ET Consignations acquired a new stake in Armada Hoffler Properties during the 4th quarter worth about $110,000.
Inspire Advisors LLC acquired a new stake in Armada Hoffler Properties during the 4th quarter valued at approximately $122,000. Finally, Mutual of America Capital Management LLC lifted its holdings in Armada Hoffler Properties by 18.2% in the fourth quarter.
Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 1,862 shares during the period. Institutional investors own 66.35% of the company’s stock.
Analysts Set New Price Targets Separately, Scotiabank reduced their target price on Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 16th.
Armada Hoffler Properties Stock Up 3.7 % Shares of NYSE AHH opened at $6.81 on Monday.
The company has a 50 day simple moving average of $7.99 and a 200-day simple moving average of $9.63.
The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.
17. Armada Hoffler Properties, Inc. has a 1 year low of $6.
10 and a 1 year high of $12.46. The company has a market capitalization of $689.
48 million, a P/E ratio of 21.27 and a beta of 0.89.
Armada Hoffler Properties ( NYSE:AHH – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
06 by $0.21. The business had revenue of $62.
95 million for the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.
96% and a net margin of 5.99%. On average, equities research analysts predict that Armada Hoffler Properties, Inc.
will post 1.05 earnings per share for the current year. Armada Hoffler Properties Cuts Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd.
Shareholders of record on Wednesday, March 26th were given a dividend of $0.14 per share. This represents a $0.
56 annualized dividend and a yield of 8.23%. The ex-dividend date of this dividend was Wednesday, March 26th.
Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%. Insider Activity In other news, Director A Russell Kirk acquired 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th.
The stock was purchased at an average cost of $7.64 per share, with a total value of $229,200.00.
Following the purchase, the director now directly owns 49,430 shares of the company’s stock, valued at approximately $377,645.20. This trade represents a 154.
40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website . Over the last three months, insiders acquired 90,954 shares of company stock valued at $699,607.
Insiders own 11.90% of the company’s stock. Armada Hoffler Properties Profile ( Free Report ) 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.
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