Thrivent Financial For Lutherans trimmed its position in shares of Armada Hoffler Properties Inc (NYSE:AHH) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 779,563 shares of the real estate investment trust’s stock after selling 126,724 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Armada Hoffler Properties were worth $12,107,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AHH. Public Employees Retirement System of Ohio purchased a new position in Armada Hoffler Properties during the third quarter worth $117,000. Teachers Retirement System of The State of Kentucky boosted its stake in Armada Hoffler Properties by 83.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 4,500 shares during the period. Park Avenue Securities LLC purchased a new position in Armada Hoffler Properties during the fourth quarter worth $158,000. Amundi Pioneer Asset Management Inc. purchased a new position in Armada Hoffler Properties during the fourth quarter worth $160,000. Finally, Aperio Group LLC purchased a new position in Armada Hoffler Properties during the third quarter worth $166,000. 80.22% of the stock is owned by institutional investors.
In other Armada Hoffler Properties news, CEO Louis S. Haddad bought 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $13.17 per share, for a total transaction of $197,550.00. Following the completion of the transaction, the chief executive officer now owns 282,221 shares in the company, valued at $3,716,850.57. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 16.59% of the stock is currently owned by company insiders.
Shares of Armada Hoffler Properties Inc (NYSE AHH) opened at $13.81 on Tuesday. Armada Hoffler Properties Inc has a 52-week low of $12.65 and a 52-week high of $16.00. The firm has a market capitalization of $614.72, a price-to-earnings ratio of 13.77, a PEG ratio of 3.89 and a beta of 0.55. The company has a debt-to-equity ratio of 1.23, a quick ratio of 9.59 and a current ratio of 9.59.
Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.15). Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. The business had revenue of $27.65 million for the quarter, compared to the consensus estimate of $27.44 million. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities research analysts predict that Armada Hoffler Properties Inc will post 1.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Wednesday, March 28th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.79%. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, March 27th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 152.00%.
Armada Hoffler Properties Company 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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