Vident Advisory LLC Grows Position in Armada Hoffler Properties, Inc. $AHH

Key Points

• Vident Advisory LLC increased its holdings in Armada Hoffler Properties by 414.8% in Q1, acquiring an additional 73,597 shares, bringing its total to 91,338 shares valued at approximately $686,000.
• Armada Hoffler Properties declared a quarterly dividend of $0.14 per share, providing an annualized yield of 7.7%, despite a high dividend payout ratio of 466.67%.
• The company reported $0.25 EPS for the last quarter, missing the consensus estimate by $0.01, with a total revenue of $65.15 million, surpassing analyst expectations.

Vident Advisory LLC boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 414.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,338 shares of the real estate investment trust's stock after acquiring an additional 73,597 shares during the period. Vident Advisory LLC owned 0.09% of Armada Hoffler Properties worth $686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Armada Hoffler Properties by 1.4% during the first quarter. Vanguard Group Inc. now owns 9,649,827 shares of the real estate investment trust's stock valued at $72,470,000 after buying an additional 133,027 shares during the last quarter. Invesco Ltd. raised its position in shares of Armada Hoffler Properties by 40.2% during the first quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust's stock valued at $13,289,000 after buying an additional 507,502 shares during the last quarter. Sound Income Strategies LLC increased its position 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 last quarter. Nuveen Asset Management LLC increased its position in Armada Hoffler Properties by 118.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust's stock worth $13,453,000 after purchasing an additional 713,010 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Armada Hoffler Properties by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,203,690 shares of the real estate investment trust's stock worth $9,040,000 after purchasing an additional 37,600 shares during the last quarter. Institutional investors own 66.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a research report on Friday, June 27th. They issued a "buy" rating and a $8.00 price target on the stock. Bank of America reduced 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 report on Monday, August 25th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $8.38.

Armada Hoffler Properties Trading Up 3.4%

Shares of AHH traded up $0.25 during trading hours on Thursday, reaching $7.44. 468,951 shares of the company traded hands, compared to its average volume of 486,879. The firm has a market cap of $770.74 million, a price-to-earnings ratio of 61.96 and a beta of 1.13. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.28. 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 stock's fifty day moving average price is $7.07 and its 200 day moving average price is $7.22.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued 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 company had revenue of $65.15 million for 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. Sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties's payout ratio is currently 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.