Armada Hoffler Properties, Inc. $AHH Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,060 shares of the real estate investment trust’s stock after selling 5,267 shares during the period. D.A. Davidson & CO. owned approximately 0.16% of Armada Hoffler Properties worth $1,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AHH. GAMMA Investing LLC increased its holdings in shares of Armada Hoffler Properties by 464.9% during the 2nd quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 3,426 shares during the last quarter. Crossingbridge Advisors LLC acquired a new stake in shares of Armada Hoffler Properties during the 1st quarter worth $38,000. Virtu Financial LLC acquired a new stake in shares of Armada Hoffler Properties during the 1st quarter worth $83,000. Callan Family Office LLC acquired a new stake in shares of Armada Hoffler Properties during the 2nd quarter worth $83,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Armada Hoffler Properties during the 1st quarter worth $94,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $6.76 on Tuesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66. The firm has a 50-day moving average of $7.03 and a two-hundred day moving average of $6.99. The stock has a market cap of $700.22 million, a P/E ratio of 56.30 and a beta of 1.12. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $11.32.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm 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, research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share 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. Shareholders of record on Wednesday, September 24th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Wednesday, September 24th. Armada Hoffler Properties’s dividend payout ratio is presently 466.67%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AHH shares. Weiss Ratings restated a “hold (c-)” rating on shares of Armada Hoffler Properties in a report on Wednesday, October 8th. Wall Street Zen raised shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Bank of America decreased their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating for the company in a research report on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Armada Hoffler Properties has a consensus rating of “Hold” and a consensus price target of $8.38.

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.