Wealth Enhancement Advisory Services LLC Raises Holdings in Armada Hoffler Properties, Inc. (NYSE:AHH)

Wealth Enhancement Advisory Services LLC increased its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 33.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 35,709 shares of the real estate investment trust’s stock after purchasing an additional 8,994 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Armada Hoffler Properties were worth $396,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AHH. State Board of Administration of Florida Retirement System grew its position in shares of Armada Hoffler Properties by 70.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 114,524 shares of the real estate investment trust’s stock worth $1,191,000 after acquiring an additional 47,377 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Armada Hoffler Properties by 9.4% during the 1st quarter. First Eagle Investment Management LLC now owns 970,931 shares of the real estate investment trust’s stock worth $10,098,000 after purchasing an additional 83,500 shares during the period. Vanguard Group Inc. grew its position in Armada Hoffler Properties by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 7,757,553 shares of the real estate investment trust’s stock worth $80,679,000 after purchasing an additional 65,300 shares during the last quarter. Sei Investments Co. grew its position in Armada Hoffler Properties by 2.7% during the 1st quarter. Sei Investments Co. now owns 234,366 shares of the real estate investment trust’s stock worth $2,437,000 after purchasing an additional 6,236 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Armada Hoffler Properties by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,551,562 shares of the real estate investment trust’s stock valued at $19,193,000 after purchasing an additional 124,204 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AHH shares. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.00 to $11.00 in a research note on Monday, July 15th. Stifel Nicolaus assumed coverage on Armada Hoffler Properties in a research note on Monday, July 15th. They issued a “buy” rating and a $12.75 target price on the stock. Finally, StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th.

Insider Transactions at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average cost of $11.09 per share, for a total transaction of $49,905.00. Following the completion of the purchase, the director now directly owns 21,486 shares in the company, valued at $238,279.74. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Trading Up 2.3 %

Shares of Armada Hoffler Properties stock opened at $12.17 on Friday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 135.22 and a beta of 1.03. Armada Hoffler Properties, Inc. has a 52-week low of $9.81 and a 52-week high of $13.11. The company’s 50-day simple moving average is $11.43 and its 200-day simple moving average is $11.06. The company has a quick ratio of 9.54, a current ratio of 9.54 and a debt-to-equity ratio of 2.41.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Wednesday, June 26th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.74%. The ex-dividend date of this dividend was Wednesday, June 26th. Armada Hoffler Properties’s payout ratio is 911.11%.

Armada Hoffler Properties Company Profile

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 retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.