LS Investment Advisors LLC increased its holdings in Armada Hoffler Properties Inc (NYSE:AHH) by 418.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,717 shares of the real estate investment trust’s stock after buying an additional 5,422 shares during the quarter. LS Investment Advisors LLC’s holdings in Armada Hoffler Properties were worth $94,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of AHH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Armada Hoffler Properties in the third quarter worth approximately $176,000. Crossmark Global Holdings Inc. purchased a new position in shares of Armada Hoffler Properties in the fourth quarter worth approximately $179,000. Raymond James & Associates purchased a new position in shares of Armada Hoffler Properties in the second quarter worth approximately $224,000. United Services Automobile Association boosted its holdings in shares of Armada Hoffler Properties by 30.1% in the second quarter. United Services Automobile Association now owns 15,930 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 3,690 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Armada Hoffler Properties by 35.3% in the third quarter. Russell Investments Group Ltd. now owns 21,151 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 5,516 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors.
Shares of NYSE:AHH opened at $15.55 on Thursday. The company has a current ratio of 13.01, a quick ratio of 10.24 and a debt-to-equity ratio of 1.52. Armada Hoffler Properties Inc has a 1-year low of $12.94 and a 1-year high of $16.17. The company has a market cap of $772.71 million, a price-to-earnings ratio of 15.10, a PEG ratio of 2.92 and a beta of 0.57.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Thursday, February 7th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the 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 for 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 fiscal year.
A number of research firms recently issued reports on AHH. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. ValuEngine downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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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