Eidelman Virant Capital reduced its position in Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,000 shares of Real Estate Investment Trust after selling 2,200 shares during the period. Eidelman Virant Capital’s holdings in Armada Hoffler Properties were worth $803,000 at the end of the most recent quarter.
Other institutional investors have also recently changed their holdings in the company. ProShare Advisors LLC acquired a new interest in Armada Hoffler Properties valued at approximately $230,000 during the fourth quarter. Crawford Investment Counsel Inc. increased its position in Armada Hoffler Properties by 5.6% in the fourth quarter. Crawford Investment Counsel Inc. now owns 713,873 shares of the Real Estate Investment Trust worth $10,865,000 after purchasing an additional 37,832 shares last quarter. Allianz Asset Management GmbH acquired a new stake in Armada Hoffler Properties valued at approximately $1,056,000 in the fourth quarter. Albert D Mason Inc. increased its position in Armada Hoffler Properties by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 73,149 shares of the Real Estate Investment Trust worth $1,113,000 after purchasing an additional 942 shares last quarter. Finally, First Eagle Investment Management LLC increased its position in Armada Hoffler Properties by 140.6% during the fourth quarter. First Eagle Investment Management LLC now owns 60,238 shares of the Real Estate Investment Trust worth $917,000 after purchasing an additional 35,200 shares last quarter. 63.17% of the shares are owned by institutional investors and hedge funds.
Separately, on Thursday, March 31, StockNews.com began coverage of Armada Hoffler Properties in a research note. They give the company a “hold” rating. One equities research analyst has rated the stock with a sell rating, one with a hold rating and three with a buy rating. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $14.63.
AHH shares rose $0.04 midday on Wednesday to hit $12.85. 993 shares of the company were traded, compared to an average volume of 302,879. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 53.38, a price-to-earnings ratio of 8.72, and a beta of 0.78. The company has a quick ratio of 9.35, a current ratio of 9.35 and a debt to equity ratio of 1.70. Armada Hoffler Properties, Inc. has a 52-week low of $12.24 and a 52-week high of $15.80. The company’s 50-day moving average price is $13.55 and its 200-day moving average price is $14.18.
Armada Hoffler Properties (NYSE:AHH – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The Real Estate Investment Trust reported earnings per share (EPS) of $0.11 for the quarter, missing analyst consensus estimates of $0.28 ($0.17). Armada Hoffler Properties had a net margin of 11.21% and a return on equity of 5.07%. The company had revenue of $54.64 million for the quarter, compared to analyst estimates of $52.76 million. In the same quarter last year, the company posted $0.26 per share. On average, analysts expect Armada Hoffler Properties, Inc. to post 1.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Wednesday, June 29 will receive a dividend of $0.17. The ex-dividend date is Tuesday 28th June. That equates to a dividend of $0.68 on an annualized basis and a dividend yield of 5.29%. Armada Hoffler Properties’ payout ratio currently stands at 283.33%.
Armada Hoffler property profile (get rating)
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust (“REIT”) with four decades of experience in the development, construction, acquisition and management of high quality institutional office, retail and multifamily properties , which are primarily located in the mid-Atlantic and southeastern United States.
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