Teacher Retirement System of Texas Sells 36,914 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Teacher Retirement System of Texas trimmed its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 60.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,250 shares of the real estate investment trust's stock after selling 36,914 shares during the period. Teacher Retirement System of Texas' holdings in Armada Hoffler Properties were worth $182,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Armada Hoffler Properties by 9.5% in 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 during the last quarter. Nuveen Asset Management LLC grew its position in shares of Armada Hoffler Properties by 118.4% in the 4th 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 buying an additional 713,010 shares during the last quarter. Sound Income Strategies LLC raised its stake in Armada Hoffler Properties by 58.3% during the 1st 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 period. Geode Capital Management LLC grew its holdings in shares of Armada Hoffler Properties by 15.3% in 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 acquiring an additional 269,367 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Armada Hoffler Properties by 35.6% during the fourth quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust's stock valued at $9,496,000 after purchasing an additional 243,541 shares during the period. Institutional investors own 66.35% of the company's stock.

Analyst Upgrades and Downgrades

AHH has been the subject of several analyst reports. Scotiabank reduced their price objective on 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. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a research note on Friday, June 27th. They set a "buy" rating and a $8.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a research report on Thursday, May 8th.

Armada Hoffler Properties Price Performance

NYSE AHH traded up $0.15 during trading on Tuesday, hitting $7.17. 632,086 shares of the company's stock were exchanged, compared to its average volume of 825,117. The stock's 50 day moving average price is $7.04 and its two-hundred day moving average price is $7.88. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.10 and a fifty-two week high of $12.46. The company has a current ratio of 12.47, a quick ratio of 12.47 and a debt-to-equity ratio of 2.03. The company has a market cap of $725.96 million, a PE ratio of 89.57 and a beta of 1.10.

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). 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. Research analysts expect 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. Stockholders of record on Monday, June 30th were given a dividend of $0.14 per share. The ex-dividend date was Monday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 7.82%. 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.