LSV Asset Management Lowers Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

LSV Asset Management decreased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 27.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,800 shares of the real estate investment trust’s stock after selling 10,500 shares during the quarter. LSV Asset Management’s holdings in Armada Hoffler Properties were worth $348,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Armada Hoffler Properties during the 1st quarter worth approximately $377,000. Janney Montgomery Scott LLC boosted its stake in shares of Armada Hoffler Properties by 14.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 300,924 shares of the real estate investment trust’s stock worth $3,774,000 after acquiring an additional 37,833 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Armada Hoffler Properties by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 62,379 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 1,018 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Armada Hoffler Properties during the 1st quarter worth approximately $220,000. Finally, Cox Capital Mgt LLC boosted its stake in shares of Armada Hoffler Properties by 221.9% during the 1st quarter. Cox Capital Mgt LLC now owns 189,706 shares of the real estate investment trust’s stock worth $2,379,000 after acquiring an additional 130,779 shares in the last quarter. 61.72% of the stock is currently owned by institutional investors and hedge funds.

AHH stock opened at $13.08 on Monday. Armada Hoffler Properties, Inc. has a 1 year low of $6.71 and a 1 year high of $14.38. The company has a debt-to-equity ratio of 1.56, a quick ratio of 15.37 and a current ratio of 15.37. The stock’s 50 day moving average price is $13.24 and its 200 day moving average price is $11.85. The firm has a market cap of $1.06 billion, a P/E ratio of 29.07 and a beta of 0.76.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Monday, May 3rd. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Armada Hoffler Properties had a net margin of 10.98% and a return on equity of 6.91%. On average, research analysts predict that Armada Hoffler Properties, Inc. will post 1.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 8th. Investors of record on Wednesday, June 30th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, June 29th. This represents a $0.64 dividend on an annualized basis and a yield of 4.89%. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.15. Armada Hoffler Properties’s dividend payout ratio is presently 51.28%.

Several brokerages have recently commented on AHH. DA Davidson raised Armada Hoffler Properties from a “neutral” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Tuesday, April 20th. Zacks Investment Research lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Monday, May 10th.

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

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