American International Group Inc. reduced its holdings in Armada Hoffler Properties Inc (NYSE:AHH) by 2.4% during the first quarter, Holdings Channel reports. The institutional investor owned 37,420 shares of the real estate investment trust’s stock after selling 931 shares during the period. American International Group Inc.’s holdings in Armada Hoffler Properties were worth $583,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of AHH. BlackRock Inc. increased its holdings in shares of Armada Hoffler Properties by 3.8% in the 4th quarter. BlackRock Inc. now owns 7,448,888 shares of the real estate investment trust’s stock worth $104,730,000 after acquiring an additional 271,333 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Armada Hoffler Properties by 17.7% in the 4th quarter. Macquarie Group Ltd. now owns 1,689,104 shares of the real estate investment trust’s stock worth $23,749,000 after acquiring an additional 254,195 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Armada Hoffler Properties by 3.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 830,115 shares of the real estate investment trust’s stock worth $11,672,000 after acquiring an additional 29,842 shares during the period. Northern Trust Corp increased its holdings in shares of Armada Hoffler Properties by 1.9% in the 4th quarter. Northern Trust Corp now owns 624,551 shares of the real estate investment trust’s stock worth $8,781,000 after acquiring an additional 11,404 shares during the period. Finally, Chilton Capital Management LLC increased its holdings in shares of Armada Hoffler Properties by 2.5% in the 4th quarter. Chilton Capital Management LLC now owns 551,351 shares of the real estate investment trust’s stock worth $7,752,000 after acquiring an additional 13,255 shares during the period. Institutional investors own 83.56% of the company’s stock.

AHH has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, May 6th. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.65.

Armada Hoffler Properties stock opened at $16.94 on Thursday. The stock has a market cap of $885.62 million, a price-to-earnings ratio of 16.45, a P/E/G ratio of 3.65 and a beta of 0.50. The company has a debt-to-equity ratio of 1.63, a quick ratio of 13.03 and a current ratio of 13.03. Armada Hoffler Properties Inc has a 52 week low of $13.53 and a 52 week high of $17.05.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.18). The company had revenue of $30.91 million for the quarter, compared to analyst estimates of $31.00 million. Armada Hoffler Properties had a net margin of 9.66% and a return on equity of 3.96%. As a group, research analysts forecast that Armada Hoffler Properties Inc will post 1.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th will be paid 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 yield of 4.96%. Armada Hoffler Properties’s payout ratio is 81.55%.

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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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