US Bancorp DE Raises Stake in Armada Hoffler Properties, Inc. (NYSE:AHH)

US Bancorp DE raised its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 9,145.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,017 shares of the real estate investment trust’s stock after acquiring an additional 38,595 shares during the period. US Bancorp DE’s holdings in Armada Hoffler Properties were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mutual of America Capital Management LLC grew its holdings in shares of Armada Hoffler Properties by 18.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 12,071 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 1,862 shares in the last quarter. Versor Investments LP raised its holdings in Armada Hoffler Properties by 49.0% in the fourth quarter. Versor Investments LP now owns 14,900 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 4,900 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Armada Hoffler Properties during the fourth quarter valued at $202,000. Oregon Public Employees Retirement Fund increased its stake in Armada Hoffler Properties by 17.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,730 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Armada Hoffler Properties by 179.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 75,417 shares of the real estate investment trust’s stock worth $772,000 after acquiring an additional 48,447 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th.

Armada Hoffler Properties Trading Down 0.6 %

Shares of AHH stock opened at $8.68 on Thursday. Armada Hoffler Properties, Inc. has a 1 year low of $8.58 and a 1 year high of $12.46. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The firm’s fifty day simple moving average is $9.49 and its 200 day simple moving average is $10.57. The firm has a market capitalization of $878.95 million, a P/E ratio of 27.11 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The business had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Armada Hoffler Properties had a return on equity of 5.96% and a net margin of 5.99%. As a group, sell-side analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 26th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.46%. Armada Hoffler Properties’s dividend payout ratio is presently 256.25%.

Armada Hoffler Properties Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.