Dynamic Technology Lab Private Ltd Invests $316,000 in Armada Hoffler Properties, Inc. $AHH

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 acquired a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 modified their holdings of AHH. Nuveen LLC acquired a new position in Armada Hoffler Properties in the first quarter worth about $7,323,000. Nuveen Asset Management LLC lifted its holdings in Armada Hoffler Properties by 118.4% during the 4th quarter. Nuveen Asset Management LLC now owns 1,315,020 shares of the real estate investment trust's stock worth $13,453,000 after buying an additional 713,010 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Armada Hoffler Properties by 58.3% in the 1st quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust's stock worth $10,518,000 after acquiring an additional 515,999 shares in the last quarter. Invesco Ltd. grew its position in shares of Armada Hoffler Properties by 40.2% in the 1st quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust's stock worth $13,289,000 after acquiring an additional 507,502 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 acquiring an additional 243,541 shares during the last quarter. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Stock Performance

AHH stock traded up $0.08 during mid-day trading on Thursday, reaching $7.57. The company had a trading volume of 420,579 shares, compared to its average volume of 489,984. Armada Hoffler Properties, Inc. has a one year low of $6.10 and a one year high of $12.28. The stock has a market capitalization of $784.71 million, a P/E ratio of 63.09 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. The stock's 50-day simple moving average is $7.11 and its two-hundred day simple moving average is $7.16.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data 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). The firm 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. Research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 24th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $0.56 annualized dividend and a dividend yield of 7.4%. Armada Hoffler Properties's dividend payout ratio (DPR) is presently 466.67%.

Analysts Set New Price Targets

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

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.