GAMMA Investing LLC Has $29,000 Stock Holdings in Armada Hoffler Properties, Inc. $AHH

GAMMA Investing LLC grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 464.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,163 shares of the real estate investment trust’s stock after purchasing an additional 3,426 shares during the period. GAMMA Investing LLC’s holdings in Armada Hoffler Properties were worth $29,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AHH. Nuveen LLC acquired a new stake in Armada Hoffler Properties in the first quarter worth $7,323,000. Sound Income Strategies LLC raised its holdings in Armada Hoffler Properties by 58.3% in the first quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust’s stock worth $10,518,000 after purchasing an additional 515,999 shares during the period. Invesco Ltd. raised its holdings in Armada Hoffler Properties by 40.2% in the first quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust’s stock worth $13,289,000 after purchasing an additional 507,502 shares during the period. HGI Capital Management LLC acquired a new stake in Armada Hoffler Properties in the first quarter worth $1,690,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Armada Hoffler Properties in the first quarter worth $1,338,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on AHH shares. Bank of America cut their target price on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating on the stock in a report on Monday, August 25th. Jefferies Financial Group started coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Armada Hoffler Properties in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.38.

Armada Hoffler Properties Stock Down 0.4%

Shares of AHH stock opened at $7.01 on Monday. 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, Inc. has a 1 year low of $6.10 and a 1 year high of $11.35. The firm’s fifty day moving average price is $7.10 and its two-hundred day moving average price is $7.04. The firm has a market capitalization of $726.17 million, a P/E ratio of 58.38 and a beta of 1.12.

Armada Hoffler Properties (NYSE:AHH) last announced 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). Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.40%. The firm had revenue of $65.15 million during the quarter, compared to the consensus estimate of $63.29 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. On average, equities analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 24th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Wednesday, September 24th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 466.67%.

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.