Envestnet Asset Management Inc. Buys 1,637 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Envestnet Asset Management Inc. lifted its stake in Armada Hoffler Properties, Inc. (NYSE:AHHGet Rating) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 146,350 shares of the real estate investment trust’s stock after buying an additional 1,637 shares during the period. Envestnet Asset Management Inc.’s holdings in Armada Hoffler Properties were worth $1,879,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AHH. Comerica Bank lifted its stake in shares of Armada Hoffler Properties by 8.7% in the first quarter. Comerica Bank now owns 58,115 shares of the real estate investment trust’s stock valued at $854,000 after buying an additional 4,655 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Armada Hoffler Properties by 25.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 14,887 shares of the real estate investment trust’s stock worth $218,000 after purchasing an additional 3,014 shares during the period. Daiwa Securities Group Inc. lifted its stake in Armada Hoffler Properties by 11.9% during the first quarter. Daiwa Securities Group Inc. now owns 19,879 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 2,109 shares during the period. Mutual of America Capital Management LLC lifted its stake in Armada Hoffler Properties by 15.4% during the first quarter. Mutual of America Capital Management LLC now owns 9,701 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 1,298 shares during the period. Finally, DAVENPORT & Co LLC lifted its stake in Armada Hoffler Properties by 7.1% during the first quarter. DAVENPORT & Co LLC now owns 115,850 shares of the real estate investment trust’s stock worth $1,691,000 after purchasing an additional 7,700 shares during the period. Institutional investors own 68.76% of the company’s stock.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $12.22 on Friday. Armada Hoffler Properties, Inc. has a 1 year low of $10.04 and a 1 year high of $15.80. The firm has a 50 day moving average of $11.41 and a 200-day moving average of $12.67. The company has a current ratio of 11.71, a quick ratio of 11.71 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $1.08 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 8.13 and a beta of 0.91.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Wednesday, December 28th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Tuesday, December 27th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 95.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AHH shares. TheStreet cut shares of Armada Hoffler Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, September 27th. StockNews.com began coverage on shares of Armada Hoffler Properties in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Insider Activity at Armada Hoffler Properties

In related news, Director James C. Cherry purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was acquired at an average price of $22.33 per share, with a total value of $156,310.00. Following the completion of the acquisition, the director now directly owns 12,000 shares in the company, valued at approximately $267,960. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.60% of the stock is currently owned by company insiders.

Armada Hoffler Properties Company Profile

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Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

See Also

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

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