Sterneck Capital Management adds Armada Hoffler Properties Inc (AHH) to its portfolio

Armada Hoffler Properties Inc (AHH) : Sterneck Capital Management added new position in Armada Hoffler Properties Inc during the most recent quarter end. The investment management firm now holds 82,340 shares of Armada Hoffler Properties Inc which is valued at $1 Million , the company said in a statement filed on May 27, 2016 with the SEC.Armada Hoffler Properties Inc makes up approximately 0.69% of Sterneck Capital Management’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added AHH to its portfolio by purchasing 45,422 company shares during the most recent quarter which is valued at $536,434.Metropolitan Life Insurance Cony reduced its stake in AHH by selling 4 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 20,538 shares of AHH which is valued at $242,554.Credit Suisse Ag boosted its stake in AHH in the latest quarter, The investment management firm added 53,537 additional shares and now holds a total of 64,433 shares of Armada Hoffler Properties Inc which is valued at $760,954.California State Teachers Retirement System boosted its stake in AHH in the latest quarter, The investment management firm added 7,844 additional shares and now holds a total of 62,784 shares of Armada Hoffler Properties Inc which is valued at $741,479. Hgi Capital Management added AHH to its portfolio by purchasing 84,130 company shares during the most recent quarter which is valued at $1 Million. Armada Hoffler Properties Inc makes up approx 1.60% of Hgi Capital Management’s portfolio.

Armada Hoffler Properties Inc opened for trading at $12.48 and hit $12.78 on the upside on Tuesday, eventually ending the session at $12.68, with a gain of 2.01% or 0.25 points. The heightened volatility saw the trading volume jump to 2,21,665 shares. Company has a market cap of $397 M.

Investors should note that on May 4, 2016, Armada Hoffler Properties Inc announced a cash dividend of $0.1800. The company’s management has announced Jun 27, 2016 as the ex-dividend date and fixed the record date on Jun 29, 2016. The payable date has been fixed on Jul 7, 2016.

Many Wall Street Analysts have commented on Armada Hoffler Properties Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11.50 .

Armada Hoffler Properties Inc. is a real estate company engaged in developing building owning and managing institutional-grade office retail and multifamily properties in markets across the Mid-Atlantic United States. The Company operates through four segments: office real estate retail real estate multifamily residential real estate and general contracting and real estate services. The Company provides general contracting services to third parties. The Company constructs and develops mid and high-rise office buildings retail strip malls and retail power centers multifamily apartment communities hotels and conference centers single and multi-tenant industrial distribution and manufacturing facilities educational medical and special purpose facilities government projects parking garages and mixed-use town centers in Virginia and North Carolina.

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