Charles Schwab Investment Management Inc. Has $9.04 Million Holdings in Armada Hoffler Properties, Inc. $AHH

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Armada Hoffler Properties, Inc. by 3.2%, acquiring an additional 37,600 shares, bringing its total to 1,203,690 shares worth approximately $9.04 million.
• Armada Hoffler Properties reported earnings of $0.25 EPS for the quarter, missing estimates, but generated revenue of $65.15 million, exceeding expectations.
• The firm declared a quarterly dividend of $0.14 per share with a 7.9% yield and a high dividend payout ratio of 466.67%.

Charles Schwab Investment Management Inc. lifted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,203,690 shares of the real estate investment trust's stock after acquiring an additional 37,600 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.19% of Armada Hoffler Properties worth $9,040,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nuveen Asset Management LLC raised its holdings in Armada Hoffler Properties by 118.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust's stock valued at $13,453,000 after acquiring an additional 713,010 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Armada Hoffler Properties by 58.3% during 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 in the last quarter. Northern Trust Corp boosted its position in Armada Hoffler Properties by 35.6% in the 4th quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust's stock valued at $9,496,000 after buying an additional 243,541 shares during the period. Raymond James Financial Inc. purchased a new position in Armada Hoffler Properties in the 4th quarter valued at approximately $2,239,000. Finally, Vanguard Group Inc. boosted its position in Armada Hoffler Properties by 1.4% in 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 buying an additional 133,027 shares during the period. Institutional investors and hedge funds own 66.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group initiated coverage on shares of Armada Hoffler Properties in a research note on Friday, June 27th. They set a "buy" rating and a $8.00 price objective on the stock. Finally, Bank of America dropped 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 research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.38.

Armada Hoffler Properties Stock Up 0.3%

AHH traded up $0.03 on Friday, reaching $7.27. 487,610 shares of the company traded hands, compared to its average volume of 662,910. The stock's 50 day moving average price is $7.02 and its 200-day moving average price is $7.34. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.33. The company has a market cap of $753.12 million, a price-to-earnings ratio of 60.55 and a beta of 1.12. 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 (NYSE:AHH - Get Free Report) last posted 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). Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.40%. The business had revenue of $65.15 million during the quarter, compared to analyst estimates of $63.29 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. On average, sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were paid 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%.

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.