US Bancorp DE increased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 15,303.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,166 shares of the real estate investment trust’s stock after buying an additional 10,100 shares during the period. US Bancorp DE’s holdings in Armada Hoffler Properties were worth $132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Armada Hoffler Properties by 7.8% in the first 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 period. Alliancebernstein L.P. raised its position in Armada Hoffler Properties by 108.2% in the first quarter. Alliancebernstein L.P. now owns 2,446,621 shares of the real estate investment trust’s stock worth $33,984,000 after buying an additional 1,271,592 shares in the last quarter. Renaissance Technologies LLC raised its position in Armada Hoffler Properties by 8.3% in the first quarter. Renaissance Technologies LLC now owns 1,497,300 shares of the real estate investment trust’s stock worth $20,797,000 after buying an additional 115,100 shares in the last quarter. Principal Financial Group Inc. raised its position 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 worth $13,944,000 after buying an additional 92,413 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Armada Hoffler Properties by 6.8% in the first quarter. American Century Companies Inc. now owns 657,436 shares of the real estate investment trust’s stock worth $9,132,000 after buying an additional 41,805 shares in the last quarter. Institutional investors and hedge funds own 81.40% of the company’s stock.

Shares of Armada Hoffler Properties, Inc. (AHH) traded up 0.113% during midday trading on Tuesday, hitting $13.235. 60,329 shares of the company’s stock were exchanged. The firm has a market cap of $830.85 million, a price-to-earnings ratio of 27.065 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 $13.21 and a 200-day moving average of $13.57.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business had revenue of $26.76 million during 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%. Armada Hoffler Properties’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. Equities research analysts expect that Armada Hoffler Properties, Inc. will post $0.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 5.75%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.

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A number of equities analysts recently commented on the stock. BidaskClub raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. FBR & Co reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Armada Hoffler Properties in a research note on Tuesday, July 11th. ValuEngine lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Armada Hoffler Properties in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.92.

In other Armada Hoffler Properties news, CEO Louis S. Haddad purchased 10,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average price of $13.39 per share, for a total transaction of $133,900.00. Following the purchase, the chief executive officer now owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.87% of the company’s stock.

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.

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

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