AlphaQuest LLC Sells 49,663 Shares of Armada Hoffler Properties, Inc. $AHH

Key Points

• AlphaQuest LLC reduced its holdings in Armada Hoffler Properties by 90.2% in Q1, owning 5,397 shares after selling 49,663 shares.
• Armada Hoffler Properties reported a quarterly EPS of $0.25, missing analysts' expectations, while revenue totaled $65.15 million, exceeding forecasts.
• The company recently announced a $0.14 quarterly dividend, leading to an annualized dividend of $0.56 and a yield of 7.7%.

AlphaQuest LLC lessened its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 90.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,397 shares of the real estate investment trust's stock after selling 49,663 shares during the quarter. AlphaQuest LLC's holdings in Armada Hoffler Properties were worth $41,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AHH. First Trust Advisors LP raised its holdings in Armada Hoffler Properties by 131.6% in the 4th quarter. First Trust Advisors LP now owns 24,484 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 13,914 shares during the last quarter. Stifel Financial Corp raised its holdings in Armada Hoffler Properties by 492.1% during the 4th quarter. Stifel Financial Corp now owns 124,714 shares of the real estate investment trust's stock worth $1,276,000 after purchasing an additional 103,652 shares during the last quarter. Northern Trust Corp raised its holdings in Armada Hoffler Properties by 35.6% during the 4th quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust's stock worth $9,496,000 after purchasing an additional 243,541 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Armada Hoffler Properties by 4.3% during the 4th quarter. Ameriprise Financial Inc. now owns 233,472 shares of the real estate investment trust's stock worth $2,392,000 after purchasing an additional 9,677 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Armada Hoffler Properties by 167.6% during the 4th quarter. BNP Paribas Financial Markets now owns 193,925 shares of the real estate investment trust's stock worth $1,984,000 after purchasing an additional 121,465 shares during the last quarter. Institutional investors own 66.35% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Bank of America lowered 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 report on Monday, August 25th. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They set a "buy" rating and a $8.00 price target for the company. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Armada Hoffler Properties has an average rating of "Hold" and an average price target of $8.38.

Armada Hoffler Properties Trading Down 0.8%

Shares of NYSE:AHH traded down $0.06 during mid-day trading on Wednesday, hitting $7.19. The company had a trading volume of 368,406 shares, compared to its average volume of 501,026. The firm has a fifty day moving average price of $7.06 and a 200 day moving average price of $7.23. The company has a market capitalization of $744.80 million, a PE ratio of 59.88 and a beta of 1.13. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66. Armada Hoffler Properties, Inc. has a one year low of $6.10 and a one year high of $12.28.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $65.15 million during the quarter, compared to the consensus estimate 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, research analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were paid a $0.14 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 7.8%. Armada Hoffler Properties's payout ratio is currently 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.