Armada Hoffler Properties, Inc. $AHH Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,383 shares of the real estate investment trust’s stock after acquiring an additional 4,477 shares during the period. State of Alaska Department of Revenue owned about 0.09% of Armada Hoffler Properties worth $592,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Cox Capital Mgt LLC purchased a new stake in Armada Hoffler Properties in the 2nd quarter worth about $1,965,000. GAMMA Investing LLC lifted its stake in Armada Hoffler Properties by 464.9% in the 2nd quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 3,426 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Armada Hoffler Properties by 217.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 35,817 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 24,530 shares in the last quarter. Strs Ohio purchased a new stake in Armada Hoffler Properties in the 1st quarter worth about $111,000. Finally, Jane Street Group LLC lifted its stake in Armada Hoffler Properties by 268.6% in the 1st quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust’s stock worth $540,000 after acquiring an additional 52,397 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH opened at $6.75 on Thursday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.66 and a current ratio of 8.66. The firm has a market cap of $699.71 million, a price-to-earnings ratio of 56.25 and a beta of 1.12. The business’s 50-day simple moving average is $7.09 and its 200-day simple moving average is $7.03. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $11.35.

Armada Hoffler Properties (NYSE:AHH) last issued 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 company had revenue of $65.15 million for the quarter, compared to analyst estimates 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, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 24th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.56 dividend on an annualized basis and a yield of 8.3%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 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.