89,463 Shares in Armada Hoffler Properties, Inc. (NYSE:AHH) Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 89,463 shares of the real estate investment trust's stock, valued at approximately $672,000. Exchange Traded Concepts LLC owned about 0.09% of Armada Hoffler Properties at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AHH. Sound Income Strategies LLC raised its stake in shares of 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 worth $10,518,000 after buying an additional 515,999 shares during the last quarter. Albert D Mason Inc. raised its position in shares of Armada Hoffler Properties by 16.4% during the 1st quarter. Albert D Mason Inc. now owns 211,766 shares of the real estate investment trust's stock valued at $1,590,000 after acquiring an additional 29,792 shares during the last quarter. Sterneck Capital Management LLC lifted its stake in shares of Armada Hoffler Properties by 35.8% in the 1st quarter. Sterneck Capital Management LLC now owns 123,973 shares of the real estate investment trust's stock valued at $931,000 after purchasing an additional 32,663 shares during the period. GAMMA Investing LLC boosted its position in shares of Armada Hoffler Properties by 250.1% in the 1st quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust's stock worth $420,000 after purchasing an additional 3,954 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Armada Hoffler Properties by 17.5% during the fourth quarter. California State Teachers Retirement System now owns 74,466 shares of the real estate investment trust's stock worth $762,000 after purchasing an additional 11,112 shares during the period. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Trading Down 0.9%

Armada Hoffler Properties stock traded down $0.07 during mid-day trading on Tuesday, hitting $7.10. 1,032,970 shares of the company's stock were exchanged, compared to its average volume of 792,570. The company's 50 day simple moving average is $6.97 and its 200-day simple moving average is $8.34. 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 firm has a market capitalization of $718.87 million, a P/E ratio of 88.70 and a beta of 1.11. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 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 analyst estimates of $63.18 million. On average, equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 7.89%. The ex-dividend date of this dividend is Monday, June 30th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 700.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on AHH shares. Scotiabank cut their target price on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus cut their price target on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

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.