Janney Montgomery Scott LLC Boosts Stock Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Posted by Defense World Staff on Apr 23rd, 2023

Janney Montgomery Scott LLC grew its stake in Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,851 shares of the real estate investment trust’s stock after purchasing an additional 1,256 shares during the period. Janney Montgomery Scott LLC owned approximately 0.38% of Armada Hoffler Properties worth $3,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in AHH. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Armada Hoffler Properties in the first quarter valued at approximately $790,000. Bank of New York Mellon Corp grew its position in shares of Armada Hoffler Properties by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 818,317 shares of the real estate investment trust’s stock valued at $11,948,000 after purchasing an additional 41,561 shares in the last quarter. Bank of Montreal Can grew its position in shares of Armada Hoffler Properties by 299.2% in the first quarter. Bank of Montreal Can now owns 221,434 shares of the real estate investment trust’s stock valued at $3,277,000 after purchasing an additional 165,964 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Armada Hoffler Properties by 55.4% in the first quarter. MetLife Investment Management LLC now owns 32,480 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 11,581 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Armada Hoffler Properties by 6.7% in the first quarter. Rhumbline Advisers now owns 188,952 shares of the real estate investment trust’s stock worth $2,759,000 after acquiring an additional 11,945 shares during the period. 67.03% of the stock is currently owned by hedge funds and other institutional investors.

Armada Hoffler Properties Trading Down 0.7 %

Shares of Armada Hoffler Properties stock opened at $11.78 on Friday. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 7.84 and a beta of 0.92. Armada Hoffler Properties, Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $14.73. The company has a debt-to-equity ratio of 1.52, a quick ratio of 11.10 and a current ratio of 11.10. The stock has a 50 day moving average of $12.21 and a 200 day moving average of $11.92.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Shareholders of record on Wednesday, March 29th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date was Tuesday, March 28th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 81.72%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Armada Hoffler Properties in a research report on Thursday, March 16th. They issued a “hold” rating for the company.

About Armada Hoffler Properties

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Armada Hoffler Properties, Inc is a real estate company, which develops, builds, owns, and manages institutional-grade office, retail and multifamily properties in the Mid-Atlantic United States. It operates through the following segments: Office Real Estate, Retail Real Estate, Multifamily Residential Real Estate, and General Contracting and Real Estate Services.