42,096 Shares in Armada Hoffler Properties, Inc. $AHH Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 42,096 shares of Armada Hoffler Properties, valued at approximately $316,000, indicating growing institutional interest in the company.
• Armada Hoffler Properties reported a quarterly earnings per share (EPS) of $0.25, slightly below the consensus estimate of $0.26, and had revenues of $65.15 million in the last quarter.
• The company declared a quarterly dividend of $0.14 per share, which translates to an annual yield of 7.5%, despite a high dividend payout ratio of 466.67%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 42,096 shares of the real estate investment trust's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AHH. Nuveen LLC acquired a new stake in Armada Hoffler Properties during the 1st quarter valued at approximately $7,323,000. Nuveen Asset Management LLC lifted its position in Armada Hoffler Properties by 118.4% during the fourth 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 purchasing an additional 713,010 shares during the period. Sound Income Strategies LLC lifted its position 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 valued at $10,518,000 after purchasing an additional 515,999 shares during the period. Invesco Ltd. boosted its holdings in Armada Hoffler Properties by 40.2% in the first quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust's stock valued at $13,289,000 after purchasing an additional 507,502 shares during the last quarter. Finally, Northern Trust Corp grew its position in Armada Hoffler Properties by 35.6% during the 4th quarter. Northern Trust Corp now owns 928,269 shares of the real estate investment trust's stock worth $9,496,000 after purchasing an additional 243,541 shares during the period. Institutional investors and hedge funds own 66.35% of the company's stock.

Armada Hoffler Properties Price Performance

Shares of AHH stock traded down $0.04 during mid-day trading on Monday, hitting $7.40. 455,120 shares of the stock were exchanged, compared to its average volume of 469,534. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $12.28. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 2.23. The company has a market cap of $766.57 million, a PE ratio of 61.63 and a beta of 1.13. The firm has a fifty day moving average of $7.08 and a 200 day moving average of $7.17.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 3.40% and a net margin of 4.39%.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. 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 will be paid on Thursday, October 2nd. Investors of record on Wednesday, September 24th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.56 dividend on an annualized basis and a yield of 7.6%. Armada Hoffler Properties's dividend payout ratio (DPR) is currently 466.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AHH shares. Bank of America decreased their price objective on 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 assumed coverage on Armada Hoffler Properties in a research report on Friday, June 27th. They set a "buy" rating and a $8.00 price target for the company. Two research 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 has an average rating of "Hold" and a consensus price target of $8.38.

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.