Macquarie Group Ltd. Acquires New Holdings in Armada Hoffler Properties Inc (AHH)

Macquarie Group Ltd. acquired a new position in Armada Hoffler Properties Inc (NYSE:AHH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 941,838 shares of the real estate investment trust’s stock, valued at approximately $14,627,000. Macquarie Group Ltd. owned about 2.10% of Armada Hoffler Properties as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AHH. The Manufacturers Life Insurance Company lifted its holdings in shares of Armada Hoffler Properties by 31.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,120 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 8,677 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Armada Hoffler Properties by 14.3% in the 2nd quarter. California State Teachers Retirement System now owns 79,184 shares of the real estate investment trust’s stock worth $1,025,000 after acquiring an additional 9,900 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Armada Hoffler Properties in the 3rd quarter worth approximately $166,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Armada Hoffler Properties by 60.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 22,399 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 8,462 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Armada Hoffler Properties by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 16,850 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 6,240 shares during the last quarter. Hedge funds and other institutional investors own 80.25% of the company’s stock.

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In other news, CEO Louis S. Haddad acquired 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $13.17 per share, with a total value of $197,550.00. Following the transaction, the chief executive officer now owns 282,221 shares in the company, valued at approximately $3,716,850.57. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 16.59% of the company’s stock.

Shares of Armada Hoffler Properties Inc (NYSE:AHH) opened at $12.97 on Monday. The stock has a market cap of $584.95, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 3.13 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 $16.00. The company has a current ratio of 9.59, a quick ratio of 9.59 and a debt-to-equity ratio of 1.23.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.15). The business had revenue of $27.65 million for the quarter, compared to analyst estimates of $27.44 million. Armada Hoffler Properties had a return on equity of 6.23% and a net margin of 8.42%. Armada Hoffler Properties’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. equities analysts predict that Armada Hoffler Properties Inc will post 1.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Wednesday, March 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 27th. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.17%. Armada Hoffler Properties’s dividend payout ratio is currently 152.00%.

A number of equities research analysts have issued reports on the stock. Citigroup lowered shares of Armada Hoffler Properties to a “market perform” rating in a report on Monday, January 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a report on Monday, January 15th. Raymond James Financial reiterated a “market perform” rating on shares of Armada Hoffler Properties in a report on Monday, January 8th. Finally, TheStreet lowered shares of Armada Hoffler Properties from a “b” rating to a “c+” rating in a report on Friday, January 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Armada Hoffler Properties presently has a consensus rating of “Buy” and a consensus price target of $15.20.

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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.

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

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