Invesco Ltd. Purchases 507,502 Shares of Armada Hoffler Properties, Inc. $AHH

Invesco Ltd. lifted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 40.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,769,541 shares of the real estate investment trust’s stock after acquiring an additional 507,502 shares during the period. Invesco Ltd. owned approximately 1.75% of Armada Hoffler Properties worth $13,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Armada Hoffler Properties by 61.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust’s stock valued at $158,000 after acquiring an additional 7,985 shares in the last quarter. Cerity Partners LLC increased its position in shares of Armada Hoffler Properties by 180.2% during the first quarter. Cerity Partners LLC now owns 165,747 shares of the real estate investment trust’s stock valued at $1,245,000 after acquiring an additional 106,588 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Armada Hoffler Properties during the first quarter valued at approximately $647,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Armada Hoffler Properties by 23.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,776 shares of the real estate investment trust’s stock valued at $458,000 after acquiring an additional 8,372 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in shares of Armada Hoffler Properties during the first quarter valued at approximately $286,000. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 2.6%

Shares of Armada Hoffler Properties stock opened at $7.12 on Friday. The company has a market cap of $738.06 million, a price-to-earnings ratio of 59.34 and a beta of 1.12. The company’s 50 day moving average is $7.00 and its 200 day moving average is $7.43. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 2.23.

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

Armada Hoffler Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a research report on Friday, June 27th. They set a “buy” rating and a $8.00 price target for the company. Stifel Nicolaus reduced their price target on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Armada Hoffler Properties 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.