GSA Capital Partners LLP Has $1.20 Million Position in Armada Hoffler Properties, Inc. (NYSE:AHH)

Key Points

• GSA Capital Partners LLP increased its stake in Armada Hoffler Properties by 98.2%, owning 159,394 shares valued at approximately $1.20 million as of the latest quarter.
• Armada Hoffler Properties reported a loss of $0.25 EPS in its most recent earnings, falling short of analysts' expectations of $0.26 EPS.
• The company announced a quarterly dividend of $0.14, translating to an annualized yield of 8.09%, though it has a high payout ratio of 700%.

GSA Capital Partners LLP boosted its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 98.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,394 shares of the real estate investment trust's stock after acquiring an additional 78,984 shares during the quarter. GSA Capital Partners LLP owned about 0.16% of Armada Hoffler Properties worth $1,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in 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 valued at $420,000 after acquiring an additional 3,954 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Armada Hoffler Properties by 23.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 1,551 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Armada Hoffler Properties in the 4th quarter valued at approximately $115,000. Focus Partners Wealth grew its stake in shares of Armada Hoffler Properties by 28.2% in the 4th quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust's stock valued at $136,000 after buying an additional 2,931 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Armada Hoffler Properties by 21.0% in the 4th quarter. Bank of Montreal Can now owns 14,417 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 2,502 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Performance

AHH traded down $0.08 on Thursday, hitting $6.83. The company had a trading volume of 798,246 shares, compared to its average volume of 648,096. The company's fifty day moving average price is $7.01 and its 200 day moving average price is $7.73. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.46. The company has a debt-to-equity ratio of 2.03, a current ratio of 12.47 and a quick ratio of 12.47. The stock has a market cap of $692.02 million, a price-to-earnings ratio of 85.39 and a beta of 1.10.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. The business had revenue of $63.80 million for the quarter, compared to analyst estimates of $63.18 million. Equities analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties's dividend payout ratio is currently 700.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AHH shares. Stifel Nicolaus lowered their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Jefferies Financial Group started coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They issued a "buy" rating and a $8.00 price target for the company. Finally, Scotiabank lowered their price target on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 16th.

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.