Cambridge Investment Research Advisors Inc. boosted its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,341 shares of the real estate investment trust’s stock after buying an additional 306 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Armada Hoffler Properties were worth $160,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Armada Hoffler Properties by 7.8% in the 1st quarter. Vanguard Group Inc. now owns 4,443,648 shares of the real estate investment trust’s stock valued at $61,722,000 after buying an additional 322,486 shares during the last quarter. Alliancebernstein L.P. grew its stake in Armada Hoffler Properties by 108.2% in the 1st quarter. Alliancebernstein L.P. now owns 2,446,621 shares of the real estate investment trust’s stock valued at $33,984,000 after buying an additional 1,271,592 shares during the last quarter. Renaissance Technologies LLC grew its stake in Armada Hoffler Properties by 8.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,497,300 shares of the real estate investment trust’s stock valued at $20,797,000 after buying an additional 115,100 shares during the last quarter. Principal Financial Group Inc. grew its stake in Armada Hoffler Properties by 10.1% in the 1st quarter. Principal Financial Group Inc. now owns 1,003,920 shares of the real estate investment trust’s stock valued at $13,944,000 after buying an additional 92,413 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Armada Hoffler Properties by 32.5% in the 2nd quarter. American Century Companies Inc. now owns 871,215 shares of the real estate investment trust’s stock valued at $11,282,000 after buying an additional 213,779 shares during the last quarter. Institutional investors and hedge funds own 81.41% of the company’s stock.

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Shares of Armada Hoffler Properties, Inc. (AHH) opened at 13.61 on Friday. The firm has a 50-day moving average of $13.38 and a 200 day moving average of $13.52. The firm has a market capitalization of $854.40 million, a price-to-earnings ratio of 27.83 and a beta of 0.54. Armada Hoffler Properties, Inc. has a 52-week low of $12.52 and a 52-week high of $14.98.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $26.76 million for the quarter, compared to analyst estimates of $27.18 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. Analysts predict that Armada Hoffler Properties, Inc. will post $0.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Tuesday, September 26th. Armada Hoffler Properties’s payout ratio is presently 158.34%.

AHH has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Bank of America Corporation started coverage on shares of Armada Hoffler Properties in a research report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price target on the stock. Stifel Nicolaus restated a “hold” rating and issued a $14.00 price target on shares of Armada Hoffler Properties in a research report on Thursday. Finally, ValuEngine lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.93.

Armada Hoffler Properties 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.

Institutional Ownership by Quarter for Armada Hoffler Properties (NYSE:AHH)

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