Armada Hoffler Properties Inc (NYSE:AHH) shares hit a new 52-week high during trading on Friday . The company traded as high as $16.69 and last traded at $16.55, with a volume of 270600 shares trading hands. The stock had previously closed at $16.50.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, May 6th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Armada Hoffler Properties has an average rating of “Buy” and a consensus price target of $16.65.
The stock has a market cap of $867.53 million, a P/E ratio of 15.91, a PEG ratio of 3.59 and a beta of 0.54. The company has a debt-to-equity ratio of 1.63, a quick ratio of 13.03 and a current ratio of 13.03.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Tuesday, June 25th. Armada Hoffler Properties’s payout ratio is 81.55%.
In related news, CEO Louis S. Haddad bought 15,000 shares of Armada Hoffler Properties stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of $15.31 per share, with a total value of $229,650.00. Following the acquisition, the chief executive officer now owns 320,530 shares of the company’s stock, valued at approximately $4,907,314.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in AHH. BlackRock Inc. boosted its holdings in shares of Armada Hoffler Properties by 3.8% during the 4th quarter. BlackRock Inc. now owns 7,448,888 shares of the real estate investment trust’s stock worth $104,730,000 after buying an additional 271,333 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Armada Hoffler Properties by 17.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,689,104 shares of the real estate investment trust’s stock worth $23,749,000 after buying an additional 254,195 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Armada Hoffler Properties by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,992,269 shares of the real estate investment trust’s stock worth $75,433,000 after buying an additional 247,103 shares during the period. HGI Capital Management LLC bought a new stake in shares of Armada Hoffler Properties during the 1st quarter worth about $2,664,000. Finally, Rothschild & Co. Asset Management US Inc. boosted its holdings in shares of Armada Hoffler Properties by 31.6% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 448,696 shares of the real estate investment trust’s stock worth $6,309,000 after buying an additional 107,685 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.
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Armada Hoffler Properties Company Profile (NYSE:AHH)
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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