AlphaQuest LLC Cuts Stock Holdings in 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 reduced its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 90.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AHH. Crossingbridge Advisors LLC bought a new stake in Armada Hoffler Properties during the first quarter valued at approximately $38,000. Hsbc Holdings PLC raised its holdings in Armada Hoffler Properties by 26.4% in the 1st quarter. Hsbc Holdings PLC now owns 84,256 shares of the real estate investment trust's stock worth $631,000 after purchasing an additional 17,615 shares during the period. Versor Investments LP raised its holdings in Armada Hoffler Properties by 112.1% in the 1st quarter. Versor Investments LP now owns 31,600 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 16,700 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Armada Hoffler Properties by 12.2% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 317,117 shares of the real estate investment trust's stock worth $2,382,000 after purchasing an additional 34,486 shares during the period. Finally, Wealthedge Investment Advisors LLC grew its stake in shares of Armada Hoffler Properties by 252.8% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 190,886 shares of the real estate investment trust's stock valued at $1,434,000 after acquiring an additional 136,783 shares during the period. Hedge funds and other institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Price Performance

Shares of NYSE AHH traded up $0.06 during midday trading on Friday, reaching $7.31. 501,741 shares of the stock traded hands, compared to its average volume of 525,062. 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 stock has a market capitalization of $757.24 million, a PE ratio of 60.88 and a beta of 1.13. Armada Hoffler Properties, Inc. has a one year low of $6.10 and a one year high of $12.28. The company's 50 day moving average is $7.04 and its 200 day moving average is $7.25.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its earnings results 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 firm had revenue of $65.15 million for 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. On average, equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.7%. The ex-dividend date was Monday, June 30th. Armada Hoffler Properties's dividend payout ratio is presently 466.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AHH. Jefferies Financial Group began coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They set a "buy" rating and a $8.00 price objective for the company. Bank of America dropped their price target on Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating for the company in a research note on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently 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.