HGI Capital Management LLC Takes $1.69 Million Position in Armada Hoffler Properties, Inc. $AHH

Key Points

• HGI Capital Management LLC has invested approximately $1.69 million in Armada Hoffler Properties, acquiring 225,072 shares, which makes up 2.1% of its investment portfolio.
• The company recently declared a $0.14 dividend, yielding 7.8%, although its dividend payout ratio is unusually high at 466.67%.
• Armada Hoffler Properties' earnings report showed a missed EPS estimate, with actual earnings of $0.25 compared to the forecasted $0.26, while revenues exceeded expectations at $65.15 million.

HGI Capital Management LLC bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 225,072 shares of the real estate investment trust's stock, valued at approximately $1,690,000. Armada Hoffler Properties makes up about 2.1% of HGI Capital Management LLC's investment portfolio, making the stock its 20th largest position. HGI Capital Management LLC owned approximately 0.22% of Armada Hoffler Properties at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AHH. Crossingbridge Advisors LLC purchased a new stake in shares of Armada Hoffler Properties during the 1st quarter worth $38,000. Virtu Financial LLC acquired a new position in shares of Armada Hoffler Properties during the 1st quarter worth $83,000. Quantinno Capital Management LP acquired a new position in shares of Armada Hoffler Properties during the 4th quarter worth $115,000. Focus Partners Wealth raised its stake in shares of Armada Hoffler Properties by 28.2% during the 4th quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust's stock worth $136,000 after buying an additional 2,931 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Armada Hoffler Properties during the 1st quarter worth $138,000. 66.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AHH shares. Stifel Nicolaus cut 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. Bank of America cut their price target on Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating for the company in a research note on Monday, August 25th. Finally, Jefferies Financial Group started coverage on Armada Hoffler Properties in a research note 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.38.

Armada Hoffler Properties Price Performance

AHH stock traded up $0.03 during trading on Friday, hitting $7.27. The stock had a trading volume of 487,610 shares, compared to its average volume of 662,910. The company's 50 day moving average price is $7.02 and its two-hundred day moving average price is $7.33. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.33. The stock has a market cap of $753.09 million, a price-to-earnings ratio of 60.55 and a beta of 1.12. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.66 and a current ratio of 8.66.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its 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). Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.40%. The firm 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. On average, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 7.7%. Armada Hoffler Properties's payout ratio is presently 466.67%.

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.