Armada Hoffler Properties, Inc. $AHH Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,411 shares of the real estate investment trust’s stock after selling 2,829 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.08% of Armada Hoffler Properties worth $619,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AHH. Northern Trust Corp raised its holdings in 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 acquiring an additional 243,541 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Armada Hoffler Properties by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 233,472 shares of the real estate investment trust’s stock valued at $2,392,000 after acquiring an additional 9,677 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Armada Hoffler Properties by 167.6% in the fourth quarter. BNP Paribas Financial Markets now owns 193,925 shares of the real estate investment trust’s stock valued at $1,984,000 after purchasing an additional 121,465 shares during the last quarter. Deutsche Bank AG increased its stake in Armada Hoffler Properties by 23.9% in the fourth quarter. Deutsche Bank AG now owns 157,319 shares of the real estate investment trust’s stock valued at $1,609,000 after purchasing an additional 30,352 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in Armada Hoffler Properties by 28.2% in the fourth quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 2,931 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $7.43 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 2.23. The firm has a market cap of $770.19 million, a PE ratio of 61.92 and a beta of 1.13. The company’s 50 day simple moving average is $7.07 and its 200-day simple moving average is $7.21. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.28.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business 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. As a group, equities analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

The firm 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. The ex-dividend date was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.5%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 466.67%.

Analyst Ratings Changes

Several equities analysts have commented on AHH shares. Bank of America dropped their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, August 25th. Jefferies Financial Group started coverage on shares of Armada Hoffler Properties in a research note on Friday, June 27th. They issued a “buy” rating and a $8.00 price target on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Armada Hoffler Properties presently has a consensus rating of “Hold” and a consensus target price of $8.38.

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.