Legal & General Group Plc raised its holdings in Armada Hoffler Properties Inc (NYSE:AHH) by 18.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,268 shares of the real estate investment trust’s stock after buying an additional 16,083 shares during the quarter. Legal & General Group Plc owned about 0.21% of Armada Hoffler Properties worth $1,576,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its position in Armada Hoffler Properties by 1,275.2% during the third quarter. Rehmann Capital Advisory Group now owns 5,212 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 4,833 shares in the last quarter. Teachers Advisors LLC raised its position in Armada Hoffler Properties by 12.6% in the third quarter. Teachers Advisors LLC now owns 94,496 shares of the real estate investment trust’s stock valued at $1,428,000 after purchasing an additional 10,539 shares during the period. AQR Capital Management LLC raised its position in Armada Hoffler Properties by 31.0% in the third quarter. AQR Capital Management LLC now owns 128,431 shares of the real estate investment trust’s stock valued at $1,941,000 after purchasing an additional 30,419 shares during the period. Macquarie Group Ltd. raised its position in Armada Hoffler Properties by 26.6% in the third quarter. Macquarie Group Ltd. now owns 1,434,909 shares of the real estate investment trust’s stock valued at $21,681,000 after purchasing an additional 301,634 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Armada Hoffler Properties by 2.0% in the third quarter. Thrivent Financial for Lutherans now owns 800,273 shares of the real estate investment trust’s stock valued at $12,092,000 after purchasing an additional 15,549 shares during the period. Institutional investors own 83.39% of the company’s stock.
In other news, CEO Louis S. Haddad bought 15,000 shares of Armada Hoffler Properties stock in a transaction dated Wednesday, November 21st. The stock was acquired at an average cost of $14.82 per share, with a total value of $222,300.00. Following the acquisition, the chief executive officer now owns 299,363 shares of the company’s stock, valued at $4,436,559.66. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 14.40% of the stock is currently owned by insiders.
Shares of NYSE:AHH traded up $0.07 on Friday, hitting $15.46. 166,403 shares of the company’s stock were exchanged, compared to its average volume of 211,000. The stock has a market cap of $767.25 million, a P/E ratio of 15.01, a P/E/G ratio of 2.86 and a beta of 0.57. Armada Hoffler Properties Inc has a 1-year low of $12.94 and a 1-year high of $16.17. The company has a debt-to-equity ratio of 1.52, a quick ratio of 10.24 and a current ratio of 13.01.
Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Thursday, February 7th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.23). Armada Hoffler Properties had a net margin of 9.55% and a return on equity of 4.12%. The firm had revenue of $30.73 million during the quarter, compared to analysts’ expectations of $30.11 million. On average, equities research analysts predict that Armada Hoffler Properties Inc will post 1.15 EPS for the current year.
A number of equities research analysts have commented on AHH shares. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, January 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.25.
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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.
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