Cox Capital Mgt LLC Acquires New Holdings in Armada Hoffler Properties, Inc. $AHH

Key Points

• Cox Capital Mgt LLC acquired a new stake of 286,007 shares in Armada Hoffler Properties, Inc., valued at approximately $1,965,000, making it the 29th largest holding in their investment portfolio.
• Armada Hoffler's stock is currently trading at $6.80, with a market capitalization of $704.89 million and a reported earnings per share (EPS) of $0.25 for the latest quarter, which was below analysts' expectations.
• The company has announced a quarterly dividend of $0.14 per share, yielding around 8.2%, although its payout ratio is notably high at 466.67%.

Cox Capital Mgt LLC acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 286,007 shares of the real estate investment trust's stock, valued at approximately $1,965,000. Armada Hoffler Properties accounts for about 1.3% of Cox Capital Mgt LLC's investment portfolio, making the stock its 29th largest holding. Cox Capital Mgt LLC owned about 0.28% of Armada Hoffler Properties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in Armada Hoffler Properties by 464.9% during the second quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 3,426 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Armada Hoffler Properties by 217.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,817 shares of the real estate investment trust's stock valued at $256,000 after purchasing an additional 24,530 shares during the last quarter. Strs Ohio bought a new position in Armada Hoffler Properties during the first quarter valued at $111,000. Jane Street Group LLC lifted its position in Armada Hoffler Properties by 268.6% during the first quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust's stock valued at $540,000 after purchasing an additional 52,397 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its position in Armada Hoffler Properties by 1.2% during the first quarter. Great Lakes Advisors LLC now owns 405,980 shares of the real estate investment trust's stock valued at $3,049,000 after purchasing an additional 4,878 shares during the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Stock Down 2.0%

AHH stock opened at $6.80 on Friday. The firm has a 50 day moving average of $7.12 and a 200 day moving average of $7.10. The stock has a market capitalization of $704.89 million, a PE ratio of 56.67 and a beta of 1.13. The company has a quick ratio of 8.66, a current 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 $11.35.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released 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 company had revenue of $65.15 million during the quarter, compared to analyst estimates of $63.29 million. Armada Hoffler Properties had a return on equity of 3.40% and a net margin of 4.39%. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 8.2%. The ex-dividend date is Wednesday, September 24th. Armada Hoffler Properties's payout ratio is presently 466.67%.

Analysts Set New Price Targets

AHH has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They issued a "buy" rating and a $8.00 target price for the company. 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 note on Monday, August 25th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $8.38.

Armada Hoffler Properties 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.

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