HighTower Advisors LLC Acquires New Holdings in Armada Hoffler Properties, Inc. $AHH

HighTower Advisors LLC acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,428 shares of the real estate investment trust’s stock, valued at approximately $138,000.

Other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in 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 purchasing an additional 7,985 shares in the last quarter. Cerity Partners LLC boosted its position in 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 purchasing an additional 106,588 shares in the last quarter. Jennison Associates LLC bought a new stake in Armada Hoffler Properties during the first quarter valued at about $647,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 purchasing an additional 8,372 shares in the last quarter. Finally, Brookwood Investment Group LLC acquired a new stake in Armada Hoffler Properties in the first quarter worth about $286,000. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Up 1.7%

Shares of NYSE:AHH opened at $7.23 on Friday. The company 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 moving average of $7.04 and a two-hundred day moving average of $7.28. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 2.23.

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. As a group, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared 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 dividend yield of 7.7%. The ex-dividend date was Monday, June 30th. Armada Hoffler Properties’s payout ratio is presently 466.67%.

Wall Street Analyst Weigh In

AHH has been the subject of several recent analyst reports. Bank of America lowered their price target 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. Jefferies Financial Group initiated 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. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Armada Hoffler Properties currently has a consensus 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.