Armada Hoffler Properties, Inc. (NYSE:AHH) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC grew its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 58.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,400,581 shares of the real estate investment trust's stock after purchasing an additional 515,999 shares during the period. Sound Income Strategies LLC owned approximately 1.38% of Armada Hoffler Properties worth $10,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. US Bancorp DE lifted its position in Armada Hoffler Properties by 9,145.7% in the fourth quarter. US Bancorp DE now owns 39,017 shares of the real estate investment trust's stock valued at $399,000 after buying an additional 38,595 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at approximately $202,000. Amundi lifted its holdings in shares of Armada Hoffler Properties by 18.9% in the 4th quarter. Amundi now owns 41,642 shares of the real estate investment trust's stock worth $409,000 after acquiring an additional 6,615 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Armada Hoffler Properties by 31.0% during the 4th quarter. Van ECK Associates Corp now owns 14,933 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 3,530 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in Armada Hoffler Properties by 10.3% in the 4th quarter. Yousif Capital Management LLC now owns 29,848 shares of the real estate investment trust's stock valued at $305,000 after purchasing an additional 2,779 shares during the last quarter. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Up 2.0%

Shares of NYSE AHH traded up $0.14 during mid-day trading on Wednesday, hitting $6.93. The company had a trading volume of 874,216 shares, compared to its average volume of 768,426. The company has a market capitalization of $701.64 million, a PE ratio of 86.57 and a beta of 1.11. The business's 50-day simple moving average is $6.94 and its 200 day simple moving average is $8.47. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.46. 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 (NYSE:AHH - Get Free Report) last posted its quarterly 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 net margin of 3.24% and a return on equity of 2.98%. The company had revenue of $63.80 million during the quarter, compared to analyst estimates of $63.18 million. On average, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director A Russell Kirk purchased 10,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was bought at an average cost of $7.70 per share, with a total value of $77,000.00. Following the acquisition, the director now directly owns 69,430 shares of the company's stock, valued at approximately $534,611. This represents a 16.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders bought 60,954 shares of company stock worth $470,407 over the last 90 days. 11.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AHH has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Scotiabank lowered their target price 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.

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.