Armada Hoffler Properties Inc (NYSE:AHH) Shares Acquired by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC increased its position in Armada Hoffler Properties Inc (NYSE:AHH) by 10.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 353,802 shares of the real estate investment trust’s stock after purchasing an additional 34,074 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC owned approximately 0.67% of Armada Hoffler Properties worth $5,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC grew its holdings in shares of Armada Hoffler Properties by 418.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,717 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 5,422 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Armada Hoffler Properties by 498.2% in the first quarter. BNP Paribas Arbitrage SA now owns 10,115 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 8,424 shares during the period. Laurion Capital Management LP bought a new stake in shares of Armada Hoffler Properties in the first quarter worth $173,000. Starr International Co. Inc. bought a new stake in shares of Armada Hoffler Properties in the first quarter worth $188,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Armada Hoffler Properties in the fourth quarter worth about $179,000. Institutional investors own 83.56% of the company’s stock.

Armada Hoffler Properties stock opened at $16.55 on Friday. The business’s fifty day moving average is $16.68. The company has a debt-to-equity ratio of 1.63, a quick ratio of 13.03 and a current ratio of 13.03. The stock has a market capitalization of $852.85 million, a price-to-earnings ratio of 16.07, a P/E/G ratio of 3.27 and a beta of 0.50. Armada Hoffler Properties Inc has a twelve month low of $13.53 and a twelve month high of $17.50.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.18). Armada Hoffler Properties had a net margin of 9.66% and a return on equity of 3.96%. The business had revenue of $30.91 million for the quarter, compared to analysts’ expectations of $31.00 million. Research analysts anticipate that Armada Hoffler Properties Inc will post 1.15 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.84 annualized dividend and a dividend yield of 5.08%. Armada Hoffler Properties’s dividend payout ratio is presently 81.55%.

In other news, Director James C. Cherry bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were purchased at an average cost of $25.00 per share, with a total value of $125,000.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $125,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael P. O’hara bought 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now owns 6,000 shares in the company, valued at $150,000. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.

AHH has been the topic of several analyst reports. ValuEngine raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $16.65.

About Armada Hoffler Properties

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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