TCW Group Inc. Grows Stake in Armada Hoffler Properties, Inc. (AHH)

TCW Group Inc. lifted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,160 shares of the real estate investment trust’s stock after buying an additional 4,100 shares during the quarter. TCW Group Inc. owned approximately 0.35% of Armada Hoffler Properties worth $2,198,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Armada Hoffler Properties in the 2nd quarter valued at about $113,000. Legal & General Group Plc raised its stake in Armada Hoffler Properties by 12.1% in the 1st quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 967 shares during the last quarter. Loeb Partners Corp acquired a new position in Armada Hoffler Properties in the 2nd quarter valued at about $129,000. Institute for Wealth Management LLC. acquired a new position in Armada Hoffler Properties in the 2nd quarter valued at about $130,000. Finally, US Bancorp DE raised its stake in Armada Hoffler Properties by 15,303.0% in the 2nd quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 10,100 shares during the last quarter. 80.44% of the stock is owned by institutional investors and hedge funds.

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In other news, CEO Louis S. Haddad purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $14.92 per share, with a total value of $223,800.00. Following the purchase, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 16.59% of the company’s stock.

AHH has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Bank of America Corporation initiated coverage on shares of Armada Hoffler Properties in a research note on Wednesday, September 6th. They issued a “buy” rating and a $15.00 target price for the company. Stifel Nicolaus reissued a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Finally, ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.08.

Shares of Armada Hoffler Properties, Inc. (AHH) opened at $15.05 on Friday. The company has a market capitalization of $940.73, a PE ratio of 14.91, a price-to-earnings-growth ratio of 4.44 and a beta of 0.55. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13. Armada Hoffler Properties, Inc. has a fifty-two week low of $12.65 and a fifty-two week high of $15.23.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to the consensus estimate of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS. equities research analysts forecast that Armada Hoffler Properties, Inc. will post 0.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Tuesday, December 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 161.70%.

Armada Hoffler Properties Profile

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

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

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