Armada Hoffler Properties, Inc. $AHH Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 90.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,397 shares of the real estate investment trust’s stock after selling 49,663 shares during the quarter. AlphaQuest LLC’s holdings in Armada Hoffler Properties were worth $41,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Crossingbridge Advisors LLC acquired a new stake in shares of Armada Hoffler Properties during the first quarter worth about $38,000. Virtu Financial LLC acquired a new stake in shares of Armada Hoffler Properties during the first quarter worth about $83,000. Quantinno Capital Management LP acquired a new stake in shares of Armada Hoffler Properties during the fourth quarter worth about $115,000. Focus Partners Wealth lifted its holdings in shares of Armada Hoffler Properties by 28.2% during the fourth quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 2,931 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Armada Hoffler Properties during the first quarter worth about $138,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 1.7%

Armada Hoffler Properties stock opened at $7.23 on Friday. The stock has a market capitalization of $749.46 million, a PE ratio of 60.26 and a beta of 1.13. Armada Hoffler Properties, Inc. has a 12 month low of $6.10 and a 12 month high of $12.28. The business has a 50 day simple moving average of $7.04 and a 200-day simple moving average of $7.28. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates 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 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. On average, analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given a $0.14 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.7%. Armada Hoffler Properties’s payout ratio is 466.67%.

Analyst Ratings Changes

AHH has been the subject of a number of research reports. Bank of America decreased their target price on Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating for the company in a report on Monday, August 25th. Stifel Nicolaus reduced their price target on 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. Finally, Jefferies Financial Group began coverage on 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. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.38.

Armada Hoffler Properties 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.