Citadel Advisors LLC purchased a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 57,080 shares of the real estate investment trust’s stock, valued at approximately $739,000. Citadel Advisors LLC owned 0.09% of Armada Hoffler Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings 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 buying an additional 839,457 shares during the period. Alliancebernstein L.P. raised its holdings 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 buying an additional 311,360 shares during the period. Renaissance Technologies LLC raised its holdings in Armada Hoffler Properties by 7.0% in the second quarter. Renaissance Technologies LLC now owns 1,602,000 shares of the real estate investment trust’s stock valued at $20,746,000 after buying an additional 104,700 shares during the period. Principal Financial Group Inc. raised its holdings in Armada Hoffler Properties by 10.1% in the first 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 period. Finally, Thrivent Financial For Lutherans purchased a new position in Armada Hoffler Properties in the second quarter valued at approximately $12,753,000. Hedge funds and other institutional investors own 81.41% of the company’s stock.

Shares of Armada Hoffler Properties, Inc. (NYSE AHH) opened at 13.93 on Friday. The stock has a market cap of $874.48 million, a price-to-earnings ratio of 28.49 and a beta of 0.54. The stock’s 50 day moving average is $13.58 and its 200-day moving average is $13.54. Armada Hoffler Properties, Inc. has a 1-year low of $12.54 and a 1-year high of $14.98.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 27th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $0.76 annualized dividend and a yield of 5.46%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 158.34%.

AHH has been the topic of several research reports. BidaskClub upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Bank of America Corporation initiated coverage on shares of Armada Hoffler Properties in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price target on the stock. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $14.00 price target on shares of Armada Hoffler Properties in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.75.

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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.

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

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