Invesco Ltd. Raises Stock Position in Armada Hoffler Properties, Inc. $AHH

Key Points

• Invesco Ltd. increased its holdings in Armada Hoffler Properties, Inc. by 40.2% to own 1,769,541 shares after acquiring an additional 507,502 shares, representing approximately 1.75% of the company, valued at $13.29 million.
• Armada Hoffler Properties recently reported a quarterly earnings miss, with $0.25 EPS, falling short of analysts' expectations, while the company generated $65.15 million in revenue.
• The firm announced a quarterly dividend of $0.14 per share, yielding 7.9%, despite a high payout ratio of 466.67%.

Invesco Ltd. lifted its position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 40.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,769,541 shares of the real estate investment trust's stock after acquiring an additional 507,502 shares during the quarter. Invesco Ltd. owned 1.75% of Armada Hoffler Properties worth $13,289,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Quantinno Capital Management LP bought a new position in Armada Hoffler Properties in the 4th quarter worth about $115,000. Focus Partners Wealth grew its stake in 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 worth $136,000 after acquiring an additional 2,931 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Armada Hoffler Properties in the 1st quarter worth about $141,000. Bank of Montreal Can grew its stake in 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 worth $147,000 after acquiring an additional 2,502 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Armada Hoffler Properties by 61.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust's stock worth $158,000 after acquiring an additional 7,985 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Up 0.6%

NYSE AHH traded up $0.05 during trading on Thursday, reaching $7.25. 668,032 shares of the company's stock traded hands, compared to its average volume of 669,421. The company's 50 day simple moving average is $7.02 and its two-hundred day simple moving average is $7.36. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66. Armada Hoffler Properties, Inc. has a 12-month low of $6.10 and a 12-month high of $12.33. The firm has a market cap of $751.02 million, a price-to-earnings ratio of 60.38 and a beta of 1.12.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share (EPS) 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 firm had revenue of $65.15 million during the quarter, compared to analysts' expectations of $63.29 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. As a group, sell-side analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal 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 given a $0.14 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.7%. Armada Hoffler Properties's payout ratio is presently 466.67%.

Analysts Set New Price Targets

AHH has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Bank of America cut their target price on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating on the stock in a research report on Monday. Finally, Jefferies Financial Group initiated coverage on shares of Armada Hoffler Properties in a research 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.