Deprince Race & Zollo Inc. decreased its position in shares of Armada Hoffler Properties Inc. (NYSE:AHH) by 0.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,077 shares of the company’s stock after selling 174 shares during the period. Deprince Race & Zollo Inc. owned about 0.98% of Armada Hoffler Properties worth $6,433,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Armada Hoffler Properties by 37.2% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,144 shares of the company’s stock valued at $109,000 after buying an additional 2,207 shares during the last quarter. HL Financial Services LLC bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at $151,000. LMR Partners LLP bought a new stake in shares of Armada Hoffler Properties during the third quarter valued at $151,000. BlackRock Inc. increased its stake in shares of Armada Hoffler Properties by 306.5% in the second quarter. BlackRock Inc. now owns 12,548 shares of the company’s stock valued at $173,000 after buying an additional 9,461 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Armada Hoffler Properties during the second quarter valued at $174,000. 66.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Armada Hoffler Properties Inc. (NYSE:AHH) traded up 2.33% during mid-day trading on Friday, reaching $14.91. The company’s stock had a trading volume of 145,813 shares. Armada Hoffler Properties Inc. has a 12 month low of $9.76 and a 12 month high of $15.50. The company has a 50 day moving average price of $13.55 and a 200 day moving average price of $13.48. The stock has a market capitalization of $776.04 million, a P/E ratio of 15.39 and a beta of 0.55.
Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Armada Hoffler Properties had a return on equity of 17.06% and a net margin of 18.84%. The business earned $25.30 million during the quarter, compared to analyst estimates of $24.65 million. During the same period last year, the company earned $0.26 earnings per share. Armada Hoffler Properties’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, equities research analysts anticipate that Armada Hoffler Properties Inc. will post $1.00 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Wednesday, December 28th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 23rd. This represents a $0.72 annualized dividend and a dividend yield of 4.83%. Armada Hoffler Properties’s dividend payout ratio is 74.23%.
Several equities research analysts have recently weighed in on AHH shares. Wunderlich upped their target price on Armada Hoffler Properties from $13.00 to $15.50 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. DA Davidson started coverage on Armada Hoffler Properties in a report on Friday, October 14th. They issued a “buy” rating and a $15.00 price target for the company. Stifel Nicolaus increased their price target on Armada Hoffler Properties from $13.00 to $15.50 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Finally, TheStreet raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Six research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $14.30.
About Armada Hoffler Properties