Teacher Retirement System of Texas Sells 2,663 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Posted by Defense World Staff on Oct 15th, 2023

Teacher Retirement System of Texas trimmed its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH – Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,907 shares of the real estate investment trust’s stock after selling 2,663 shares during the quarter. Teacher Retirement System of Texas’ holdings in Armada Hoffler Properties were worth $443,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AHH. Raymond James Financial Services Advisors Inc. bought a new stake in Armada Hoffler Properties during the 1st quarter valued at approximately $790,000. Bank of New York Mellon Corp boosted its position in Armada Hoffler Properties by 5.4% during the 1st 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 acquiring an additional 41,561 shares in the last quarter. Bank of Montreal Can boosted its position in Armada Hoffler Properties by 299.2% during the 1st quarter. Bank of Montreal Can now owns 221,434 shares of the real estate investment trust’s stock valued at $3,277,000 after acquiring an additional 165,964 shares in the last quarter. MetLife Investment Management LLC boosted its position in Armada Hoffler Properties by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 32,480 shares of the real estate investment trust’s stock valued at $474,000 after acquiring an additional 11,581 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Armada Hoffler Properties by 6.7% during the 1st quarter. Rhumbline Advisers now owns 188,952 shares of the real estate investment trust’s stock valued at $2,759,000 after acquiring an additional 11,945 shares in the last quarter. 67.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Armada Hoffler Properties in a research report on Thursday, October 5th. They set a “hold” rating on the stock.

Read Our Latest Stock Analysis on AHH

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $10.35 on Friday. The company has a quick ratio of 9.54, a current ratio of 9.54 and a debt-to-equity ratio of 1.91. The business’s 50 day moving average price is $11.11 and its 200-day moving average price is $11.56. Armada Hoffler Properties, Inc. has a 52 week low of $9.93 and a 52 week high of $13.73. The stock has a market cap of $926.84 million, a P/E ratio of 15.45 and a beta of 0.95.

Armada Hoffler Properties (NYSE:AHH – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.18). Armada Hoffler Properties had a return on equity of 9.91% and a net margin of 12.23%. The company had revenue of $59.95 million during the quarter, compared to the consensus estimate of $58.28 million. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.25 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 27th were issued a $0.195 dividend. The ex-dividend date was Tuesday, September 26th. This represents a $0.78 dividend on an annualized basis and a yield of 7.54%. Armada Hoffler Properties’s payout ratio is currently 116.42%.

Armada Hoffler Properties Company Profile

(Free Report)

Armada Hoffler (NYSE:AHH) is a vertically integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality multifamily, office, and retail properties located primarily in the Mid-Atlantic and Southeastern United States.