Deutsche Bank AG Reduces Position in Armada Hoffler Properties, Inc. $AHH

Deutsche Bank AG lessened its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,521 shares of the real estate investment trust’s stock after selling 1,798 shares during the period. Deutsche Bank AG owned about 0.15% of Armada Hoffler Properties worth $1,168,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AHH. Nuveen Asset Management LLC boosted its position in shares of Armada Hoffler Properties by 118.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust’s stock valued at $13,453,000 after buying an additional 713,010 shares during the period. Sound Income Strategies LLC boosted its position in shares of Armada Hoffler Properties by 58.3% during the first quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust’s stock valued at $10,518,000 after buying an additional 515,999 shares during the period. Northern Trust Corp boosted its holdings in shares of Armada Hoffler Properties by 35.6% in the fourth quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust’s stock valued at $9,496,000 after purchasing an additional 243,541 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Armada Hoffler Properties in the fourth quarter valued at approximately $2,239,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Armada Hoffler Properties by 1.4% in the first quarter. Vanguard Group Inc. now owns 9,649,827 shares of the real estate investment trust’s stock valued at $72,470,000 after purchasing an additional 133,027 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Ratings Changes

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

Armada Hoffler Properties Stock Up 2.6%

Armada Hoffler Properties stock opened at $7.12 on Friday. The business has a fifty day moving average of $7.00 and a two-hundred day moving average of $7.41. 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 $738.06 million, a P/E ratio of 59.34 and a beta of 1.12. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.46.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results 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 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. On average, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

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

About Armada Hoffler Properties

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.