BTC Capital Management Inc. reduced its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,295 shares of the real estate investment trust’s stock after selling 152 shares during the period. BTC Capital Management Inc.’s holdings in Armada Hoffler Properties were worth $159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AHH. Virginia Retirement Systems ET AL bought a new position in Armada Hoffler Properties during the first quarter worth $525,000. Navellier & Associates Inc increased its position in Armada Hoffler Properties by 24.0% in the first quarter. Navellier & Associates Inc now owns 59,557 shares of the real estate investment trust’s stock worth $827,000 after buying an additional 11,521 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Armada Hoffler Properties by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,556 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 223 shares during the period. State Street Corp increased its position in Armada Hoffler Properties by 7.6% in the fourth quarter. State Street Corp now owns 642,713 shares of the real estate investment trust’s stock worth $9,365,000 after buying an additional 45,436 shares during the period. Finally, Swiss National Bank increased its position in Armada Hoffler Properties by 9.1% in the first quarter. Swiss National Bank now owns 60,000 shares of the real estate investment trust’s stock worth $833,000 after buying an additional 5,000 shares during the period. 62.36% of the stock is currently owned by institutional investors.

Shares of Armada Hoffler Properties, Inc. (AHH) opened at 13.00 on Friday. The company has a market cap of $816.10 million, a PE ratio of 26.58 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. The company has a 50 day moving average of $13.16 and a 200-day moving average of $13.61.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Tuesday, September 26th. Armada Hoffler Properties’s payout ratio is presently 158.34%.

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AHH has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Armada Hoffler Properties from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, May 12th. Robert W. Baird reissued an “outperform” rating and issued a $15.00 price target on shares of Armada Hoffler Properties in a research note on Friday, July 14th. Zacks Investment Research downgraded Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research note on Friday, June 16th. BidaskClub downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, ValuEngine downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.92.

In other Armada Hoffler Properties news, CEO Louis S. Haddad bought 10,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was bought at an average cost of $13.39 per share, with a total value of $133,900.00. Following the completion of the transaction, the chief executive officer now directly owns 252,221 shares in the company, valued at approximately $3,377,239.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.87% of the company’s stock.

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

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