Cerity Partners LLC Grows Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Cerity Partners LLC raised its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 180.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,747 shares of the real estate investment trust's stock after acquiring an additional 106,588 shares during the period. Cerity Partners LLC owned approximately 0.16% of Armada Hoffler Properties worth $1,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Alps Advisors Inc. lifted its stake in Armada Hoffler Properties by 25.4% during the 1st quarter. Alps Advisors Inc. now owns 35,447 shares of the real estate investment trust's stock valued at $266,000 after acquiring an additional 7,179 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Armada Hoffler Properties by 21.1% in the 1st quarter. Penserra Capital Management LLC now owns 100,999 shares of the real estate investment trust's stock valued at $758,000 after purchasing an additional 17,574 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Armada Hoffler Properties by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 435,978 shares of the real estate investment trust's stock valued at $3,274,000 after purchasing an additional 11,022 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Armada Hoffler Properties by 61.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 7,985 shares during the period. Finally, TT Capital Management LLC lifted its stake in shares of Armada Hoffler Properties by 86.3% in the 1st quarter. TT Capital Management LLC now owns 52,550 shares of the real estate investment trust's stock valued at $395,000 after purchasing an additional 24,350 shares during the period. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Price Performance

NYSE AHH traded down $0.05 on Friday, hitting $7.04. The company had a trading volume of 347,085 shares, compared to its average volume of 965,213. The company has a market capitalization of $712.79 million, a PE ratio of 87.95 and a beta of 1.10. The company's fifty day moving average price is $7.03 and its 200-day moving average price is $7.83. The company has a debt-to-equity ratio of 2.03, a current ratio of 12.47 and a quick ratio of 12.47. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $63.80 million for the quarter, compared to analysts' expectations of $63.18 million. As a group, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given 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 dividend yield of 7.96%. Armada Hoffler Properties's dividend payout ratio is presently 700.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AHH shares. Stifel Nicolaus decreased their target price on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Scotiabank decreased their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group started coverage on shares of Armada Hoffler Properties in a research note on Friday, June 27th. They issued a "buy" rating and a $8.00 target price for the company.

About Armada Hoffler Properties

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.