Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 23,946 Shares of Armada Hoffler Properties, Inc. $AHH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in Armada Hoffler Properties, Inc. (NYSE:AHH) by 53.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,579 shares of the real estate investment trust’s stock after selling 23,946 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Armada Hoffler Properties were worth $141,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Armada Hoffler Properties in the first quarter worth $550,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Armada Hoffler Properties by 7.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,082 shares of the real estate investment trust’s stock valued at $594,000 after buying an additional 5,343 shares in the last quarter. US Bancorp DE grew its position in shares of Armada Hoffler Properties by 6.9% in the 1st quarter. US Bancorp DE now owns 41,716 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 2,699 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Armada Hoffler Properties in the 1st quarter worth about $141,000. Finally, Vanguard Group Inc. lifted its position in Armada Hoffler Properties by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 9,649,827 shares of the real estate investment trust’s stock valued at $72,470,000 after acquiring an additional 133,027 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH opened at $6.54 on Friday. The firm has a market cap of $677.96 million, a P/E ratio of 34.42 and a beta of 1.12. Armada Hoffler Properties, Inc. has a twelve month low of $6.01 and a twelve month high of $11.24. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 2.35. The company has a 50 day moving average of $6.60 and a 200 day moving average of $6.91.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 EPS for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $72.15 million for the quarter, compared to the consensus estimate of $66.23 million. Armada Hoffler Properties had a return on equity of 4.43% and a net margin of 6.77%. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.6%. The ex-dividend date is Wednesday, December 31st. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 294.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AHH. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Tuesday. Scotiabank dropped their price target on Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Bank of America reduced their price objective on 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. Wall Street Zen cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.13.

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.