California State Teachers Retirement System Raises Stake in Armada Hoffler Properties, Inc. (AHH)

California State Teachers Retirement System grew its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 14.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,184 shares of the real estate investment trust’s stock after acquiring an additional 9,900 shares during the period. California State Teachers Retirement System owned about 0.13% of Armada Hoffler Properties worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Armada Hoffler Properties by 18.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock valued at $68,416,000 after acquiring an additional 839,457 shares during the period. Alliancebernstein L.P. raised its stake in shares of Armada Hoffler Properties by 12.7% in the 2nd quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock valued at $35,716,000 after acquiring an additional 311,360 shares during the period. Renaissance Technologies LLC raised its stake in shares of Armada Hoffler Properties by 7.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,602,000 shares of the real estate investment trust’s stock valued at $20,746,000 after acquiring an additional 104,700 shares during the period. State Street Corp raised its stake in shares of Armada Hoffler Properties by 50.9% in the 2nd quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock valued at $13,888,000 after acquiring an additional 361,582 shares during the period. Finally, Thrivent Financial For Lutherans purchased a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at $12,753,000. 81.50% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently commented on AHH. BidaskClub raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price target on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, November 8th. FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Finally, ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Armada Hoffler Properties presently has an average rating of “Buy” and an average target price of $15.08.

Shares of Armada Hoffler Properties, Inc. (NYSE AHH) opened at $15.32 on Friday. The firm has a market cap of $688.43, a price-to-earnings ratio of 15.17, a P/E/G ratio of 4.52 and a beta of 0.55. Armada Hoffler Properties, Inc. has a fifty-two week low of $12.65 and a fifty-two week high of $15.36. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. equities analysts anticipate that Armada Hoffler Properties, Inc. will post 0.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Wednesday, December 27th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Tuesday, December 26th. Armada Hoffler Properties’s payout ratio is 152.00%.

In other news, CEO Louis S. Haddad purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of $14.92 per share, with a total value of $223,800.00. Following the acquisition, the chief executive officer now owns 267,221 shares in the company, valued at $3,986,937.32. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.59% of the stock is currently owned by company insiders.

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About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

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Institutional Ownership by Quarter for Armada Hoffler Properties (NYSE:AHH)

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