First Allied Advisory Services Inc. decreased its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 19.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,715 shares of the real estate investment trust’s stock after selling 13,141 shares during the quarter. First Allied Advisory Services Inc. owned approximately 0.09% of Armada Hoffler Properties worth $720,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL bought a new position in shares of Armada Hoffler Properties during the first quarter valued at about $525,000. Great West Life Assurance Co. Can boosted its holdings in shares of Armada Hoffler Properties by 128.4% during the second quarter. Great West Life Assurance Co. Can now owns 92,686 shares of the real estate investment trust’s stock worth $1,197,000 after purchasing an additional 52,099 shares during the period. US Bancorp DE boosted its holdings in shares of Armada Hoffler Properties by 15,303.0% during the second quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 10,100 shares during the period. BB&T Securities LLC boosted its holdings in shares of Armada Hoffler Properties by 87.6% during the second quarter. BB&T Securities LLC now owns 54,759 shares of the real estate investment trust’s stock worth $709,000 after purchasing an additional 25,570 shares during the period. Finally, Swiss National Bank grew its stake in shares of 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 purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 81.41% of the company’s stock.

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH) opened at 13.95 on Wednesday. Armada Hoffler Properties, Inc. has a 52-week low of $12.52 and a 52-week high of $14.98. The stock has a market capitalization of $875.74 million, a PE ratio of 28.53 and a beta of 0.54. The stock has a 50 day moving average of $13.51 and a 200 day moving average of $13.53.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the Zacks’ 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 quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. Analysts forecast that Armada Hoffler Properties, Inc. will post $0.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Wednesday, September 27th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 5.45%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 158.34%.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a report on Friday, June 16th. Robert W. Baird reaffirmed an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research report on Friday, July 14th. Bank of America Corporation assumed coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price objective for the company. BidaskClub cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Finally, FBR & Co reiterated an “outperform” rating and issued a $15.00 price objective on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. One 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.93.

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About Armada Hoffler Properties

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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