Brookwood Investment Group LLC Takes Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Key Points

• Brookwood Investment Group LLC acquired a new stake in Armada Hoffler Properties, purchasing 38,117 shares valued at about $286,000 in the first quarter.
• Several other institutional investors have also increased their holdings in Armada Hoffler Properties, indicating a growing interest in the stock among major funds.
• The company announced a quarterly dividend of $0.14 per share, translating to a 7.95% yield, although its dividend payout ratio stands at a high 700.00%.

Brookwood Investment Group LLC bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,117 shares of the real estate investment trust's stock, valued at approximately $286,000.

Several other institutional investors have also recently added to or reduced their stakes in AHH. Cambridge Investment Research Advisors Inc. lifted its position in shares of Armada Hoffler Properties by 61.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust's stock worth $158,000 after buying an additional 7,985 shares during the last quarter. Cerity Partners LLC raised its stake in Armada Hoffler Properties by 180.2% during the 1st quarter. Cerity Partners LLC now owns 165,747 shares of the real estate investment trust's stock worth $1,245,000 after acquiring an additional 106,588 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Armada Hoffler Properties by 23.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,776 shares of the real estate investment trust's stock valued at $458,000 after acquiring an additional 8,372 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Armada Hoffler Properties in the fourth quarter valued at $2,239,000. Finally, Sei Investments Co. boosted its stake in Armada Hoffler Properties by 8.2% in the fourth quarter. Sei Investments Co. now owns 331,882 shares of the real estate investment trust's stock valued at $3,395,000 after acquiring an additional 25,247 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AHH. Stifel Nicolaus reduced their target price 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. Jefferies Financial Group initiated coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They issued a "buy" rating and a $8.00 price objective for the company. Finally, Scotiabank decreased their price objective 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.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $7.05 on Friday. The stock's 50-day moving average price is $7.02 and its 200 day moving average price is $7.81. 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 market capitalization of $713.80 million, a PE ratio of 88.07 and a beta of 1.10. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.18 million. Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. As a group, equities research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

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

Armada Hoffler Properties Company 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.

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