Armada Hoffler Properties (NYSE:AHH) Stake Raised by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Armada Hoffler Properties (NYSE:AHH) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 385,730 shares of the real estate investment trust’s stock after acquiring an additional 33,112 shares during the quarter. Geode Capital Management LLC owned about 0.86% of Armada Hoffler Properties worth $5,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Armada Hoffler Properties by 3.6% during the 4th quarter. BlackRock Inc. now owns 6,218,046 shares of the real estate investment trust’s stock valued at $96,567,000 after acquiring an additional 213,526 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Armada Hoffler Properties by 5.1% in the fourth quarter. Bank of New York Mellon Corp now owns 710,431 shares of the real estate investment trust’s stock worth $11,033,000 after buying an additional 34,666 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Armada Hoffler Properties by 39.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 596,900 shares of the real estate investment trust’s stock worth $9,270,000 after buying an additional 170,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Armada Hoffler Properties by 112.6% in the third quarter. JPMorgan Chase & Co. now owns 485,974 shares of the real estate investment trust’s stock worth $6,707,000 after buying an additional 257,371 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Armada Hoffler Properties by 4.0% in the third quarter. Royce & Associates LP now owns 302,500 shares of the real estate investment trust’s stock worth $4,178,000 after buying an additional 11,500 shares during the last quarter. 80.31% of the stock is currently owned by hedge funds and other institutional investors.

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AHH has been the topic of a number of research reports. Citigroup downgraded shares of Armada Hoffler Properties to a “market perform” rating in a report on Monday, January 8th. They noted that the move was a valuation call. Raymond James reissued a “market perform” rating on shares of Armada Hoffler Properties in a report on Monday, January 8th. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Monday, January 8th. TheStreet downgraded shares of Armada Hoffler Properties from a “b” rating to a “c+” rating in a report on Friday, January 5th. Finally, ValuEngine downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.20.

NYSE AHH opened at $13.17 on Tuesday. Armada Hoffler Properties has a 12 month low of $12.65 and a 12 month high of $16.00. The company has a market cap of $604.34, a price-to-earnings ratio of 13.53, a PEG ratio of 3.17 and a beta of 0.49. The company has a current ratio of 9.59, a quick ratio of 9.59 and a debt-to-equity ratio of 1.23.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The firm had revenue of $27.65 million for the quarter, compared to the consensus estimate of $27.44 million. During the same quarter in the previous year, the business posted $0.25 EPS. Armada Hoffler Properties’s revenue was up 4.3% on a year-over-year basis. analysts expect that Armada Hoffler Properties will post 1.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Wednesday, March 28th were paid a dividend of $0.20 per share. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 6.07%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 80.81%.

In other news, CEO Louis S. Haddad bought 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $13.17 per share, for a total transaction of $197,550.00. Following the purchase, the chief executive officer now owns 282,221 shares in the company, valued at $3,716,850.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.59% of the stock is currently owned by company insiders.

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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.

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

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