Maryland State Retirement & Pension System Has $180,000 Stock Position in Armada Hoffler Properties, Inc. $AHH

Maryland State Retirement & Pension System trimmed its stake in Armada Hoffler Properties, Inc. (NYSE:AHH) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,924 shares of the real estate investment trust’s stock after selling 2,914 shares during the period. Maryland State Retirement & Pension System’s holdings in Armada Hoffler Properties were worth $180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Summit Investment Advisors Inc. lifted its position in shares of Armada Hoffler Properties by 23.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 1,551 shares during the period. Bank of Montreal Can lifted its stake in shares of Armada Hoffler Properties by 21.0% in the 4th quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 2,502 shares during the period. US Bancorp DE boosted its holdings in shares of Armada Hoffler Properties by 6.9% during the 1st quarter. US Bancorp DE now owns 41,716 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 2,699 shares in the last quarter. Focus Partners Wealth grew its position in shares of Armada Hoffler Properties by 28.2% during the 4th quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 2,931 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Armada Hoffler Properties by 250.1% in the 1st quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 3,954 shares in the last quarter. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

AHH stock opened at $7.0950 on Wednesday. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 2.23. The firm has a market cap of $735.47 million, a PE ratio of 59.13 and a beta of 1.12. The business has a 50 day moving average of $7.00 and a 200-day moving average of $7.47. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $65.15 million during the quarter, compared to analysts’ expectations of $63.29 million. Armada Hoffler Properties had a return on equity of 3.40% and a net margin of 4.39%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. As a group, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties’s dividend payout ratio is currently 466.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They issued a “buy” rating and a $8.00 price target for the company. Stifel Nicolaus cut their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Armada Hoffler Properties currently has an average rating of “Moderate Buy” and a consensus price target of $8.83.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) 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.