Teacher Retirement System of Texas trimmed its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 60.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Armada Hoffler Properties by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 13,923 shares of the real estate investment trust's stock valued at $142,000 after buying an additional 1,190 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 1,551 shares during the period. Bank of Montreal Can lifted its position in shares of Armada Hoffler Properties by 21.0% in the 4th quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust's stock worth $147,000 after purchasing an additional 2,502 shares during the period. Focus Partners Wealth lifted its position in shares of Armada Hoffler Properties by 28.2% in the 4th quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust's stock worth $136,000 after purchasing an additional 2,931 shares during the period. Finally, Swiss National Bank lifted its position in shares of Armada Hoffler Properties by 2.2% in the 4th quarter. Swiss National Bank now owns 156,784 shares of the real estate investment trust's stock worth $1,604,000 after purchasing an additional 3,300 shares during the period. 66.35% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target 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. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a research report on Friday, June 27th. They issued a "buy" rating and a $8.00 price target for the company. Finally, 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 report on Wednesday, April 16th.
Get Our Latest Stock Analysis on Armada Hoffler Properties
Armada Hoffler Properties Stock Down 0.2%
NYSE:AHH traded down $0.01 during mid-day trading on Thursday, hitting $7.08. 509,420 shares of the company's stock traded hands, compared to its average volume of 821,195. The company has a fifty day moving average of $7.03 and a 200 day moving average of $7.83. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46. The company has a market capitalization of $716.94 million, a P/E ratio of 88.46 and a beta of 1.10. The company has a debt-to-equity ratio of 2.03, a quick ratio of 12.47 and a current ratio of 12.47.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.18 million. On average, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.
Armada Hoffler Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.91%. Armada Hoffler Properties's dividend payout ratio is currently 700.00%.
Armada Hoffler Properties Company Profile
(
Free Report)
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.
Further Reading
Before you consider Armada Hoffler Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Armada Hoffler Properties wasn't on the list.
While Armada Hoffler Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access