4 hours Ago By Defense World Staff
Raymond James Financial Inc. bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund bought 218,888 shares of the real estate investment trust’s stock, valued at approximately $2,239,000. Raymond James Financial Inc. owned about 0.
22% of Armada Hoffler Properties as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also modified their holdings of AHH. Sound Income Strategies LLC acquired a new position in shares of Armada Hoffler Properties in the 4th quarter valued at approximately $9,049,000.
Vanguard Group Inc. raised its holdings in Armada Hoffler Properties by 9.5% in the fourth quarter.
Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust’s stock valued at $97,357,000 after acquiring an additional 829,392 shares in the last quarter. Geode Capital Management LLC boosted its stake in Armada Hoffler Properties by 15.
3% during the 4th quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust’s stock valued at $20,824,000 after acquiring an additional 269,367 shares during the last quarter. JPMorgan Chase & Co.
grew its holdings in Armada Hoffler Properties by 28.8% during the 4th quarter. JPMorgan Chase & Co.
now owns 801,274 shares of the real estate investment trust’s stock worth $8,197,000 after acquiring an additional 179,179 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Armada Hoffler Properties by 9.
0% during the 4th quarter. Franklin Resources Inc. now owns 2,105,812 shares of the real estate investment trust’s stock worth $21,542,000 after acquiring an additional 173,149 shares in the last quarter.
Institutional investors and hedge funds own 66.35% of the company’s stock. Armada Hoffler Properties Stock PerformanceArmada Hoffler Properties stock opened at $6.
77 on Thursday. 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 12 month low of $6.10 and a 12 month high of $12.46.
The company has a fifty day moving average price of $7.59 and a two-hundred day moving average price of $9.43.
The company has a market cap of $685.94 million, a PE ratio of 21.16 and a beta of 0.
89. Armada Hoffler Properties (NYSE:AHH – Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.
27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21.
Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%.
The business had revenue of $62.95 million during the quarter, compared to analyst estimates of $66.67 million.
Research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.
Armada Hoffler Properties Cuts DividendThe business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th were issued a $0.14 dividend.
This represents a $0.56 annualized dividend and a dividend yield of 8.27%.
The ex-dividend date was Wednesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 175.00%.
Analyst Ratings ChangesSeparately, Scotiabank reduced their price target on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 16th.
Check Out Our Latest Stock Analysis on Armada Hoffler PropertiesInsider Activity at Armada Hoffler PropertiesIn other news, Director A Russell Kirk bought 10,000 shares of Armada Hoffler Properties stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $7.70 per share, with a total value of $77,000.
00. Following the purchase, the director now directly owns 69,430 shares of the company’s stock, valued at approximately $534,611. This trade represents a 16.
83 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased 90,954 shares of company stock worth $699,607 in the last 90 days.
11.90% of the stock is currently owned by company insiders. About Armada Hoffler Properties (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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