Armada Hoffler Properties Inc. (NYSE:AHH) announced a quarterly dividend on Friday, August 5th. Shareholders of record on Wednesday, September 28th will be given a dividend of 0.18 per share on Thursday, October 6th. This represents a $0.72 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date is Monday, September 26th.

Shares of Armada Hoffler Properties (NYSE:AHH) opened at 12.97 on Wednesday. Armada Hoffler Properties has a one year low of $9.58 and a one year high of $15.50. The firm has a market capitalization of $637.44 million, a price-to-earnings ratio of 13.78 and a beta of 0.55. The stock has a 50 day moving average of $13.80 and a 200-day moving average of $12.76.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The business earned $24.25 million during the quarter, compared to the consensus estimate of $23.83 million. Armada Hoffler Properties had a net margin of 16.60% and a return on equity of 17.77%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Armada Hoffler Properties will post $0.98 earnings per share for the current fiscal year.

AHH has been the topic of a number of research reports. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. TheStreet lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday, June 20th. Stifel Nicolaus increased their target price on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Finally, Wunderlich increased their target price on shares of Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.38.

Several large investors have recently modified their holdings of AHH. BlackRock Inc. increased its stake in shares of Armada Hoffler Properties by 306.5% in the second quarter. BlackRock Inc. now owns 12,548 shares of the company’s stock worth $173,000 after buying an additional 9,461 shares during the period. Advisor Group Inc. bought a new stake in Armada Hoffler Properties during the second quarter worth about $228,000. KCG Holdings Inc. increased its stake in Armada Hoffler Properties by 45.4% in the second quarter. KCG Holdings Inc. now owns 25,773 shares of the company’s stock worth $354,000 after buying an additional 8,046 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in Armada Hoffler Properties by 9.8% in the second quarter. First Allied Advisory Services Inc. now owns 38,650 shares of the company’s stock worth $531,000 after buying an additional 3,443 shares during the last quarter. Finally, Allianz Asset Management AG bought a new stake in Armada Hoffler Properties during the second quarter worth about $683,000. Institutional investors and hedge funds own 69.59% of the company’s stock.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in markets across the Mid-Atlantic United States, including Virginia, Maryland, North Carolina and South Carolina. The Company operates through four segments: office real estate, retail real estate, multifamily residential real estate, and general contracting and real estate services.

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