RMR Advisors LLC grew its holdings in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 22.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,353 shares of the real estate investment trust’s stock after buying an additional 32,150 shares during the quarter. RMR Advisors LLC owned 0.35% of Armada Hoffler Properties worth $2,734,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. LS Investment Advisors LLC lifted its stake in Armada Hoffler Properties by 418.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,717 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 5,422 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Armada Hoffler Properties during the fourth quarter worth about $179,000. Municipal Employees Retirement System of Michigan acquired a new position in Armada Hoffler Properties during the fourth quarter worth about $199,000. Metropolitan Life Insurance Co. NY grew its holdings in Armada Hoffler Properties by 336.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,559 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 11,997 shares during the period. Finally, Raymond James & Associates grew its holdings in Armada Hoffler Properties by 7.9% during the fourth quarter. Raymond James & Associates now owns 17,696 shares of the real estate investment trust’s stock worth $249,000 after acquiring an additional 1,298 shares during the period. Institutional investors own 82.98% of the company’s stock.
Shares of Armada Hoffler Properties stock traded down $0.06 during trading on Wednesday, hitting $15.22. 31,084 shares of the stock traded hands, compared to its average volume of 171,644. The firm has a market cap of $765.02 million, a price-to-earnings ratio of 14.77, a P/E/G ratio of 3.10 and a beta of 0.54. The company has a debt-to-equity ratio of 1.52, a current ratio of 13.01 and a quick ratio of 13.01. Armada Hoffler Properties Inc has a twelve month low of $13.01 and a twelve month high of $16.17.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.84 dividend on an annualized basis and a yield of 5.52%. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s payout ratio is currently 81.55%.
A number of research analysts recently issued reports on AHH shares. ValuEngine lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, January 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $16.25.
In other Armada Hoffler Properties news, CEO Louis S. Haddad acquired 15,000 shares of Armada Hoffler Properties stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of $15.31 per share, with a total value of $229,650.00. Following the completion of the purchase, the chief executive officer now owns 320,530 shares in the company, valued at $4,907,314.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.40% of the stock is currently owned by 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 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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