Janney Montgomery Scott LLC Acquires 56,964 Shares of Armada Hoffler Properties, Inc. $AHH

Key Points

• Janney Montgomery Scott LLC increased its holdings in Armada Hoffler Properties by 40.9% during Q2, acquiring an additional 56,964 shares and now holds about 0.19% of the company, valued at $1.35 million.
• Armada Hoffler Properties recently reported $0.25 EPS for the quarter, missing analyst expectations, while investors also received a quarterly dividend of $0.14 with a yield of 8.5%.
• Research analysts have mixed ratings on the stock with two Buy ratings, two Hold ratings, and one Sell rating, and the average price target stands at $8.38.

Janney Montgomery Scott LLC increased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 40.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,199 shares of the real estate investment trust's stock after acquiring an additional 56,964 shares during the quarter. Janney Montgomery Scott LLC owned about 0.19% of Armada Hoffler Properties worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Nuveen LLC bought a new position in shares of Armada Hoffler Properties during the first quarter valued at approximately $7,323,000. Sound Income Strategies LLC increased its stake in shares of 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 in the last quarter. Invesco Ltd. increased its position in Armada Hoffler Properties by 40.2% during the 1st quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust's stock valued at $13,289,000 after buying an additional 507,502 shares in the last quarter. Cox Capital Mgt LLC bought a new position in Armada Hoffler Properties during the 2nd quarter valued at approximately $1,965,000. Finally, HGI Capital Management LLC bought a new position in Armada Hoffler Properties during the 1st quarter valued at approximately $1,690,000. 66.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America reduced their price objective on Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating for the company in a research report on Monday, August 25th. Jefferies Financial Group initiated coverage on Armada Hoffler Properties in a report on Friday, June 27th. They set a "buy" rating and a $8.00 price target for the company. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Armada Hoffler Properties in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Armada Hoffler Properties presently has an average rating of "Hold" and a consensus price target of $8.38.

Armada Hoffler Properties Stock Performance

Shares of AHH stock opened at $6.59 on Monday. The company has a 50 day moving average price of $7.09 and a 200-day moving average price of $7.01. Armada Hoffler Properties, Inc. has a 52 week low of $6.10 and a 52 week high of $11.35. The firm has a market capitalization of $683.12 million, a PE ratio of 54.92 and a beta of 1.12. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 2.23.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its earnings results on Monday, August 4th. 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 3.40% and a net margin of 4.39%.The company had revenue of $65.15 million during the quarter, compared to the consensus estimate of $63.29 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. As a group, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Wednesday, September 24th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.56 annualized dividend and a dividend yield of 8.5%. Armada Hoffler Properties's payout ratio is presently 466.67%.

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.

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