Advisors Preferred LLC Purchases New Stake in Armada Hoffler Properties Inc (AHH)

Advisors Preferred LLC purchased a new position in shares of Armada Hoffler Properties Inc (NYSE:AHH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,192 shares of the real estate investment trust’s stock, valued at approximately $391,000. Advisors Preferred LLC owned approximately 0.06% of Armada Hoffler Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AHH. Vanguard Group Inc. raised its holdings in shares of Armada Hoffler Properties by 18.9% during the second quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock worth $68,416,000 after acquiring an additional 839,457 shares during the period. Northern Trust Corp raised its holdings in shares of Armada Hoffler Properties by 35.8% during the second quarter. Northern Trust Corp now owns 558,872 shares of the real estate investment trust’s stock worth $7,237,000 after acquiring an additional 147,192 shares during the period. Teachers Advisors LLC raised its holdings in shares of Armada Hoffler Properties by 20.1% during the second quarter. Teachers Advisors LLC now owns 81,514 shares of the real estate investment trust’s stock worth $1,056,000 after acquiring an additional 13,632 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Armada Hoffler Properties by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 675,765 shares of the real estate investment trust’s stock worth $9,332,000 after acquiring an additional 44,196 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Armada Hoffler Properties by 112.6% during the third quarter. JPMorgan Chase & Co. now owns 485,974 shares of the real estate investment trust’s stock worth $6,707,000 after acquiring an additional 257,371 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Shares of Armada Hoffler Properties Inc (NYSE:AHH) opened at $13.18 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 9.59 and a quick ratio of 10.44. Armada Hoffler Properties Inc has a 52 week low of $12.65 and a 52 week high of $16.00. The stock has a market cap of $608.89, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.86 and a beta of 0.47.

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

In other Armada Hoffler Properties news, CEO Louis S. Haddad purchased 15,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $13.17 per share, for a total transaction of $197,550.00. Following the purchase, the chief executive officer now owns 282,221 shares of the company’s stock, valued at $3,716,850.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.59% of the stock is currently owned by insiders.

AHH has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. 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. TheStreet upgraded shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. 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. Finally, Raymond James Financial restated a “market perform” rating on shares of Armada Hoffler Properties in a report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price 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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