Dana Investment Advisors Inc. Has $2.13 Million Position in Armada Hoffler Properties, Inc. (AHH)
Dana Investment Advisors Inc. boosted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 164,293 shares of the real estate investment trust’s stock after purchasing an additional 1,090 shares during the period. Dana Investment Advisors Inc. owned about 0.26% of Armada Hoffler Properties worth $2,128,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in Armada Hoffler Properties by 178.8% in the second quarter. Goldman Sachs Group Inc. now owns 173,903 shares of the real estate investment trust’s stock valued at $2,252,000 after purchasing an additional 111,538 shares during the last quarter. Institute for Wealth Management LLC. purchased a new position in Armada Hoffler Properties in the second quarter valued at about $130,000. Stifel Financial Corp boosted its holdings in Armada Hoffler Properties by 20.9% in the second quarter. Stifel Financial Corp now owns 24,353 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 4,206 shares during the last quarter. Numeric Investors LLC boosted its holdings in Armada Hoffler Properties by 476.5% in the second quarter. Numeric Investors LLC now owns 174,100 shares of the real estate investment trust’s stock valued at $2,255,000 after purchasing an additional 143,900 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in Armada Hoffler Properties by 21.7% in the second quarter. Voya Investment Management LLC now owns 18,337 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 3,266 shares during the last quarter. 81.41% of the stock is owned by hedge funds and other institutional investors.
Shares of Armada Hoffler Properties, Inc. (NYSE AHH) traded down 0.36% during mid-day trading on Friday, reaching $13.93. The company’s stock had a trading volume of 262,567 shares. The company has a 50 day moving average price of $13.58 and a 200 day moving average price of $13.54. The stock has a market capitalization of $874.48 million, a P/E ratio of 28.49 and a beta of 0.54. Armada Hoffler Properties, Inc. has a 12 month low of $12.54 and a 12 month high of $14.98.
Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $26.76 million for the quarter, compared to the consensus estimate of $27.18 million. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. On average, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post $0.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Tuesday, September 26th. Armada Hoffler Properties’s payout ratio is 158.34%.
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AHH has been the subject of a number of analyst reports. BidaskClub raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Bank of America Corporation started coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price target for the company. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $14.00 price objective on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Armada Hoffler Properties presently has a consensus rating of “Hold” and a consensus price target of $14.75.
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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