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Jennison Associates LLC Purchases New Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Armada Hoffler Properties logo with Finance background

Jennison Associates LLC acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 86,117 shares of the real estate investment trust's stock, valued at approximately $647,000. Jennison Associates LLC owned approximately 0.08% of Armada Hoffler Properties at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AHH. Vanguard Group Inc. boosted its position in Armada Hoffler Properties by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 9,516,800 shares of the real estate investment trust's stock valued at $97,357,000 after purchasing an additional 829,392 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Armada Hoffler Properties by 118.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust's stock valued at $13,453,000 after purchasing an additional 713,010 shares in the last quarter. Sound Income Strategies LLC boosted its position in Armada Hoffler Properties by 58.3% during the first quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust's stock valued at $10,518,000 after purchasing an additional 515,999 shares in the last quarter. Geode Capital Management LLC boosted its position in Armada Hoffler Properties by 15.3% during the fourth quarter. Geode Capital Management LLC now owns 2,035,178 shares of the real estate investment trust's stock valued at $20,824,000 after purchasing an additional 269,367 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Armada Hoffler Properties by 35.6% in the fourth quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust's stock worth $9,496,000 after acquiring an additional 243,541 shares in the last quarter. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Stock Performance

Shares of NYSE:AHH traded down $0.04 during trading on Friday, hitting $7.05. The stock had a trading volume of 539,233 shares, compared to its average volume of 795,277. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.46. The stock has a market capitalization of $713.80 million, a price-to-earnings ratio of 88.07 and a beta of 1.10. The company has a quick ratio of 12.47, a current ratio of 12.47 and a debt-to-equity ratio of 2.03. The stock has a 50-day simple moving average of $7.02 and a two-hundred day simple moving average of $7.81.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. The firm had revenue of $63.80 million during the quarter, compared to analysts' expectations of $63.18 million. On average, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties's dividend payout ratio is currently 700.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AHH. Scotiabank lowered their price target on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus lowered their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Jefferies Financial Group assumed coverage on Armada Hoffler Properties in a report on Friday, June 27th. They issued a "buy" rating and a $8.00 price target for the company.

Get Our Latest Stock Report on AHH

About Armada Hoffler Properties

(Free Report)

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.

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

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