Goldman Sachs Group Inc. Has $6.51 Million Stock Position in Armada Hoffler Properties, Inc. $AHH

Key Points

• Goldman Sachs Group Inc. reduced its holdings in Armada Hoffler Properties by 32.4%, now owning approximately 867,149 shares valued at $6.51 million.
• The real estate investment trust reported a quarterly EPS of $0.25, missing estimates by $0.01, with revenue of $65.15 million, exceeding expectations.
• Armada Hoffler Properties announced a $0.14 quarterly dividend, yielding 7.5%, although it has a high payout ratio of 466.67%.

Goldman Sachs Group Inc. lowered its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 32.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 867,149 shares of the real estate investment trust's stock after selling 416,124 shares during the period. Goldman Sachs Group Inc. owned 0.86% of Armada Hoffler Properties worth $6,512,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Crossingbridge Advisors LLC acquired a new stake in Armada Hoffler Properties in the first quarter worth about $38,000. Virtu Financial LLC acquired a new stake in Armada Hoffler Properties in the first quarter worth about $83,000. Magnetar Financial LLC acquired a new stake in Armada Hoffler Properties in the first quarter worth about $94,000. Strs Ohio acquired a new stake in Armada Hoffler Properties in the first quarter worth about $111,000. Finally, Quantinno Capital Management LP acquired a new stake in Armada Hoffler Properties in the fourth quarter worth about $115,000. Institutional investors own 66.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AHH shares. Bank of America reduced their price objective 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 began coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They issued a "buy" rating and a $8.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Armada Hoffler Properties presently has a consensus rating of "Hold" and an average target price of $8.38.

Armada Hoffler Properties Trading Down 1.3%

AHH stock traded down $0.10 during mid-day trading on Friday, reaching $7.47. 183,992 shares of the stock traded hands, compared to its average volume of 884,226. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 2.23. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.25. The company has a market cap of $773.82 million, a P/E ratio of 62.21 and a beta of 1.13. The stock's fifty day moving average is $7.11 and its 200-day moving average is $7.16.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its quarterly earnings data 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 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. As a group, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Wednesday, September 24th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Wednesday, September 24th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 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.