LDR Capital Management LLC Invests $344,000 in Armada Hoffler Properties, Inc. $AHH

Key Points

• LDR Capital Management LLC invested $344,000 in Armada Hoffler Properties, acquiring 50,000 shares, which represents about 0.4% of its total portfolio.
• Several institutional investors increased their stakes in Armada Hoffler, with Vanguard Group now owning nearly 9.65 million shares and increasing its stake by 1.4% in the latest quarter.
• Armada Hoffler Properties announced a quarterly dividend of $0.14 per share, translating to an annualized dividend yield of 8.0%, despite a high payout ratio of 466.67%.

LDR Capital Management LLC acquired a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the real estate investment trust's stock, valued at approximately $344,000. Armada Hoffler Properties makes up approximately 0.4% of LDR Capital Management LLC's portfolio, making the stock its 27th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Armada Hoffler Properties by 1.4% in the first quarter. Vanguard Group Inc. now owns 9,649,827 shares of the real estate investment trust's stock valued at $72,470,000 after buying an additional 133,027 shares in the last quarter. Invesco Ltd. lifted its position in shares of 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 acquiring an additional 507,502 shares during the period. Sound Income Strategies LLC raised its stake in 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 worth $10,518,000 after acquiring an additional 515,999 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Armada Hoffler Properties by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,203,690 shares of the real estate investment trust's stock worth $9,040,000 after acquiring an additional 37,600 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Armada Hoffler Properties during the first quarter valued at $7,323,000. Institutional investors own 66.35% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Armada Hoffler Properties in a research note on Saturday, September 27th. Jefferies Financial Group initiated coverage on shares of Armada Hoffler Properties in a research note on Friday, June 27th. They set a "buy" rating and a $8.00 price objective for the company. Finally, Bank of America decreased their price objective on shares of 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Armada Hoffler Properties presently has an average rating of "Hold" and an average price target of $8.38.

Armada Hoffler Properties Stock Down 0.4%

AHH opened at $7.01 on Monday. The firm's 50-day simple moving average is $7.10 and its 200-day simple moving average is $7.04. The firm has a market cap of $726.17 million, a price-to-earnings ratio of 58.38 and a beta of 1.12. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $11.35. 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 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 the consensus estimate 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 for 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. Equities research analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Wednesday, September 24th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $0.56 annualized dividend and a dividend yield of 8.0%. Armada Hoffler Properties's dividend payout ratio (DPR) is 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.

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