Healthcare of Ontario Pension Plan Trust Fund Grows Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHHGet Rating) by 32.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 371,500 shares of the real estate investment trust’s stock after buying an additional 92,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.42% of Armada Hoffler Properties worth $5,424,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc purchased a new position in Armada Hoffler Properties during the first quarter valued at $66,000. Van ECK Associates Corp raised its stake in Armada Hoffler Properties by 27.0% during the first quarter. Van ECK Associates Corp now owns 5,970 shares of the real estate investment trust’s stock valued at $87,000 after buying an additional 1,270 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Armada Hoffler Properties by 15.4% during the first quarter. Mutual of America Capital Management LLC now owns 9,701 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 1,298 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Armada Hoffler Properties during the fourth quarter valued at $179,000. Finally, First Trust Advisors LP raised its stake in Armada Hoffler Properties by 8.5% during the fourth quarter. First Trust Advisors LP now owns 12,278 shares of the real estate investment trust’s stock valued at $187,000 after buying an additional 967 shares during the last quarter. Hedge funds and other institutional investors own 68.76% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $12.75 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 12.11 and a quick ratio of 12.11. Armada Hoffler Properties, Inc. has a one year low of $12.24 and a one year high of $15.80. The firm has a market capitalization of $1.13 billion, a P/E ratio of 26.56, a PEG ratio of 9.13 and a beta of 0.80. The business has a fifty day moving average of $13.47 and a 200 day moving average of $13.82.

Armada Hoffler Properties (NYSE:AHHGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Armada Hoffler Properties had a return on equity of 8.25% and a net margin of 17.03%. The company had revenue of $55.22 million during the quarter, compared to analyst estimates of $54.88 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.18 EPS for the current year.

Armada Hoffler Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Wednesday, September 28th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, September 27th. This represents a $0.76 annualized dividend and a dividend yield of 5.96%. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.17. Armada Hoffler Properties’s payout ratio is presently 141.67%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AHH. TheStreet upgraded Armada Hoffler Properties from a “c” rating to a “b-” rating in a research note on Thursday, August 4th. Jefferies Financial Group decreased their price target on Armada Hoffler Properties from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.38.

About Armada Hoffler Properties

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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.

See Also

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

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