Texas Permanent School Fund Boosts Stock Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Texas Permanent School Fund boosted its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHHGet Rating) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,937 shares of the real estate investment trust’s stock after purchasing an additional 1,207 shares during the period. Texas Permanent School Fund owned about 0.06% of Armada Hoffler Properties worth $628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AHH. BlackRock Inc. lifted its position in Armada Hoffler Properties by 14.3% during the first quarter. BlackRock Inc. now owns 12,943,240 shares of the real estate investment trust’s stock valued at $188,971,000 after purchasing an additional 1,622,030 shares during the period. State Street Corp raised its position in Armada Hoffler Properties by 20.5% in the first quarter. State Street Corp now owns 3,603,008 shares of the real estate investment trust’s stock worth $53,187,000 after acquiring an additional 614,171 shares during the period. Invesco Ltd. raised its position in Armada Hoffler Properties by 70.7% in the first quarter. Invesco Ltd. now owns 1,351,202 shares of the real estate investment trust’s stock worth $19,728,000 after acquiring an additional 559,473 shares during the period. Vanguard Group Inc. raised its position in Armada Hoffler Properties by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,604,936 shares of the real estate investment trust’s stock worth $111,032,000 after acquiring an additional 408,615 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Armada Hoffler Properties by 57.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 859,983 shares of the real estate investment trust’s stock worth $12,557,000 after acquiring an additional 312,628 shares during the period. Institutional investors own 68.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AHH shares. TheStreet downgraded shares of Armada Hoffler Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, September 27th. StockNews.com began coverage on shares of Armada Hoffler Properties in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Insider Activity at Armada Hoffler Properties

In related news, Director James C. Cherry bought 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was bought at an average cost of $22.33 per share, with a total value of $156,310.00. Following the completion of the purchase, the director now owns 12,000 shares of the company’s stock, valued at approximately $267,960. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.60% of the stock is currently owned by corporate insiders.

Armada Hoffler Properties Stock Down 1.4 %

Shares of AHH stock opened at $12.05 on Tuesday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 8.28 and a beta of 0.91. Armada Hoffler Properties, Inc. has a one year low of $10.04 and a one year high of $15.80. The company’s fifty day moving average price is $11.39 and its 200-day moving average price is $12.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 11.71 and a quick ratio of 11.71.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Wednesday, December 28th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 27th. This represents a $0.76 annualized dividend and a yield of 6.31%. Armada Hoffler Properties’s payout ratio is 95.00%.

Armada Hoffler Properties Profile

(Get Rating)

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.

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

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