Louisiana State Employees Retirement System Sells 2,990 Shares of Armada Hoffler Properties Inc (AHH)
Louisiana State Employees Retirement System cut its stake in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,610 shares of the real estate investment trust’s stock after selling 2,990 shares during the period. Louisiana State Employees Retirement System’s holdings in Armada Hoffler Properties were worth $262,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Rehmann Capital Advisory Group boosted its stake in Armada Hoffler Properties by 1,275.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 5,212 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 4,833 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Armada Hoffler Properties in the 3rd quarter worth approximately $176,000. Raymond James & Associates bought a new position in Armada Hoffler Properties in the 2nd quarter worth approximately $224,000. United Services Automobile Association boosted its stake in Armada Hoffler Properties by 30.1% in the 2nd quarter. United Services Automobile Association now owns 15,930 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 3,690 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Armada Hoffler Properties by 35.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 21,151 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 5,516 shares during the period. Institutional investors own 83.04% of the company’s stock.
Several research firms have weighed in on AHH. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Zacks Investment Research upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, January 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $16.25.
AHH stock opened at $15.27 on Thursday. Armada Hoffler Properties Inc has a 1-year low of $12.75 and a 1-year high of $16.17. The company has a quick ratio of 10.24, a current ratio of 10.24 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $762.78 million, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 2.88 and a beta of 0.57.
ILLEGAL ACTIVITY NOTICE: This article was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.watchlistnews.com/louisiana-state-employees-retirement-system-sells-2990-shares-of-armada-hoffler-properties-inc-ahh/2802402.html.
Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
Further Reading: What are convertible shares?
Want to see what other hedge funds are holding AHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Armada Hoffler Properties Inc (NYSE:AHH).
Receive News & Ratings for Armada Hoffler Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties and related companies with MarketBeat.com's FREE daily email newsletter.