Janney Montgomery Scott LLC Has $2.27 Million Holdings in Armada Hoffler Properties Inc (NYSE:AHH)
Janney Montgomery Scott LLC cut its holdings in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,320 shares of the real estate investment trust’s stock after selling 4,813 shares during the quarter. Janney Montgomery Scott LLC owned about 0.29% of Armada Hoffler Properties worth $2,272,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. KBC Group NV acquired a new position in shares of Armada Hoffler Properties during the first quarter worth approximately $108,000. Magnus Financial Group LLC acquired a new position in shares of Armada Hoffler Properties during the first quarter worth approximately $115,000. Fortem Financial Group LLC acquired a new position in shares of Armada Hoffler Properties during the first quarter worth approximately $120,000. Denali Advisors LLC acquired a new position in shares of Armada Hoffler Properties during the first quarter worth approximately $135,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Armada Hoffler Properties by 15.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,798 shares of the real estate investment trust’s stock valued at $158,000 after purchasing an additional 1,955 shares in the last quarter. Institutional investors own 64.03% of the company’s stock.
Shares of NYSE:AHH opened at $9.64 on Friday. The business’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $12.02. Armada Hoffler Properties Inc has a fifty-two week low of $6.40 and a fifty-two week high of $19.43. The stock has a market capitalization of $749.61 million, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The company has a debt-to-equity ratio of 1.85, a current ratio of 18.35 and a quick ratio of 18.35.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Tuesday, September 29th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 75.21%.
A number of research analysts recently commented on AHH shares. Stifel Nicolaus upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating and upped their target price for the company from $8.00 to $9.00 in a research note on Wednesday, June 24th. Zacks Investment Research lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Thursday, July 16th. Robert W. Baird upped their target price on Armada Hoffler Properties from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Bank of America lowered Armada Hoffler Properties from a “buy” rating to a “neutral” rating and set a $8.50 target price for the company. in a research note on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.88.
In other Armada Hoffler Properties news, CEO Louis S. Haddad bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were bought at an average price of $18.94 per share, for a total transaction of $94,700.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $189,400. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John W. Snow bought 125,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of $7.69 per share, for a total transaction of $961,250.00. Following the acquisition, the director now directly owns 105,585 shares of the company’s stock, valued at approximately $811,948.65. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.
Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with 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.
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