Cubist Systematic Strategies LLC Invests $1.34 Million in Armada Hoffler Properties, Inc. $AHH

Key Points

• Cubist Systematic Strategies LLC has acquired a $1.34 million position in Armada Hoffler Properties, purchasing 178,102 shares, which represents 0.18% of the company.
• Several hedge funds have increased their stakes in Armada Hoffler Properties, with First Trust Advisors LP growing its position by 131.6% in the last quarter.
• Armada Hoffler Properties recently declared a quarterly dividend of $0.14, yielding 7.7% annually, but the company has a high dividend payout ratio of 466.67%.

Cubist Systematic Strategies LLC purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 178,102 shares of the real estate investment trust's stock, valued at approximately $1,338,000. Cubist Systematic Strategies LLC owned approximately 0.18% of Armada Hoffler Properties at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Crossingbridge Advisors LLC purchased a new stake in shares of Armada Hoffler Properties during the 1st quarter worth approximately $38,000. GAMMA Investing LLC boosted its stake in shares of Armada Hoffler Properties by 250.1% during the 1st quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 3,954 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Armada Hoffler Properties during the 1st quarter worth approximately $83,000. Quantinno Capital Management LP purchased a new stake in shares of Armada Hoffler Properties during the 4th quarter worth approximately $115,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Armada Hoffler Properties during the 1st quarter worth approximately $94,000. Hedge funds and other institutional investors own 66.35% of the company's stock.

Wall Street Analyst Weigh In

AHH has been the topic of several research analyst reports. Bank of America decreased their price target on 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. Jefferies Financial Group assumed coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They issued a "buy" rating and a $8.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Armada Hoffler Properties has an average rating of "Hold" and a consensus target price of $8.38.

Armada Hoffler Properties Price Performance

AHH remained flat at $7.43 during trading on Friday. The company's stock had a trading volume of 362,675 shares, compared to its average volume of 483,910. The business has a fifty day simple moving average of $7.07 and a 200 day simple moving average of $7.21. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.66 and a current ratio of 8.66. The stock has a market cap of $770.19 million, a PE ratio of 61.92 and a beta of 1.13. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $12.28.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $65.15 million during the quarter, compared to analyst estimates 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. Equities analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Monday, June 30th. Armada Hoffler Properties's dividend payout ratio is presently 466.67%.

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.