Wilbanks Smith Thomas Asset Management buys $2,956,068 stake in Armada Hoffler Properties Inc (AHH)

Armada Hoffler Properties Inc (AHH) : Wilbanks Smith Thomas Asset Management scooped up 18,423 additional shares in Armada Hoffler Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 210,997 shares of Armada Hoffler Properties Inc which is valued at $2,956,068.Armada Hoffler Properties Inc makes up approximately 0.30% of Wilbanks Smith Thomas Asset Management’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in AHH in the latest quarter, The investment management firm added 3,074 additional shares and now holds a total of 3,182 shares of Armada Hoffler Properties Inc which is valued at $44,580.Bb&t Securities reduced its stake in AHH by selling 1,144 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 27,475 shares of AHH which is valued at $383,002. Armada Hoffler Properties Inc makes up approx 0.01% of Bb&t Securities’s portfolio.Sanders Morris Harris boosted its stake in AHH in the latest quarter, The investment management firm added 310 additional shares and now holds a total of 79,380 shares of Armada Hoffler Properties Inc which is valued at $1,174,824. Armada Hoffler Properties Inc makes up approx 0.30% of Sanders Morris Harris’s portfolio.

Armada Hoffler Properties Inc opened for trading at $13.75 and hit $13.91 on the upside on Tuesday, eventually ending the session at $13.78, with a gain of 0.36% or 0.05 points. The heightened volatility saw the trading volume jump to 2,25,666 shares. Company has a market cap of $462 M.

On the company’s financial health, Armada Hoffler Properties Inc reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.23. The company had revenue of $24.30 million for the quarter, compared to analysts expectations of $23.83 million. The company’s revenue was up 22.1% compared to the same quarter last year.

Many Wall Street Analysts have commented on Armada Hoffler Properties Inc. Company shares were Reiterated by Wunderlich on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 15.50 from a previous price target of $13 .

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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