Armada Hoffler Properties Inc (AHH) Position Raised by Wells Fargo & Company MN
Wells Fargo & Company MN boosted its stake in Armada Hoffler Properties Inc (NYSE:AHH) by 69.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,681 shares of the real estate investment trust’s stock after purchasing an additional 83,972 shares during the quarter. Wells Fargo & Company MN’s holdings in Armada Hoffler Properties were worth $2,841,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AHH. Thrivent Financial For Lutherans acquired a new position in Armada Hoffler Properties in the second quarter valued at about $12,753,000. Vanguard Group Inc. grew its stake in Armada Hoffler Properties by 18.9% in the second quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock valued at $68,416,000 after acquiring an additional 839,457 shares during the period. State Street Corp grew its stake in Armada Hoffler Properties by 50.9% in the second quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock valued at $13,888,000 after acquiring an additional 361,582 shares during the period. Alliancebernstein L.P. grew its stake in Armada Hoffler Properties by 12.7% in the second quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock valued at $35,716,000 after acquiring an additional 311,360 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Armada Hoffler Properties by 85.9% in the second quarter. Bank of New York Mellon Corp now owns 631,569 shares of the real estate investment trust’s stock valued at $8,179,000 after acquiring an additional 291,859 shares during the period. Institutional investors and hedge funds own 81.98% of the company’s stock.
In related news, CEO Louis S. Haddad bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $14.92 per share, for a total transaction of $223,800.00. Following the completion of the acquisition, the chief executive officer now owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 16.59% of the company’s stock.
A number of research analysts have issued reports on AHH shares. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. ValuEngine raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a research report on Tuesday, October 3rd. Zacks Investment Research cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Monday, October 9th. Finally, TheStreet raised Armada Hoffler Properties from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Armada Hoffler Properties has a consensus rating of “Hold” and a consensus price target of $15.20.
Armada Hoffler Properties Inc (NYSE AHH) opened at $14.37 on Friday. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $652.93, a PE ratio of 14.39, a PEG ratio of 4.22 and a beta of 0.58. Armada Hoffler Properties Inc has a 52-week low of $12.65 and a 52-week high of $16.00.
Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $27.10 million during the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. Armada Hoffler Properties’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. research analysts anticipate that Armada Hoffler Properties Inc will post 0.99 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Wednesday, December 27th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, December 26th. This represents a $0.76 annualized dividend and a yield of 5.29%. Armada Hoffler Properties’s payout ratio is presently 152.00%.
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Armada Hoffler Properties Company Profile
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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