Nuveen LLC Purchases Shares of 975,088 Armada Hoffler Properties, Inc. $AHH

Key Points

• Nuveen LLC has acquired a new stake in Armada Hoffler Properties, purchasing 975,088 shares valued at approximately $7.3 million, increasing its ownership to 0.96%.
• Several hedge funds have actively increased their holdings, with Vanguard Group and Invesco Ltd. raising their stakes by 1.4% and 40.2% respectively during Q1.
• Armada Hoffler Properties reported a quarterly loss with EPS of $0.25, slightly missing the analyst consensus, alongside a 7.9% dividend yield announced for the period.

Nuveen LLC bought a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 975,088 shares of the real estate investment trust's stock, valued at approximately $7,323,000. Nuveen LLC owned approximately 0.96% of Armada Hoffler Properties at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Armada Hoffler Properties during the first quarter valued at approximately $83,000. Invesco Ltd. boosted its holdings 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 acquiring an additional 507,502 shares during the period. Charles Schwab Investment Management Inc. boosted 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 valued at $9,040,000 after acquiring an additional 37,600 shares during the period. Vanguard Group Inc. boosted its holdings in Armada Hoffler Properties by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 9,649,827 shares of the real estate investment trust's stock valued at $72,470,000 after acquiring an additional 133,027 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Armada Hoffler Properties during the 1st quarter valued at $141,000. Hedge funds and other institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Stock Up 0.1%

NYSE:AHH traded up $0.01 during mid-day trading on Friday, hitting $7.25. 205,565 shares of the company's stock traded hands, compared to its average volume of 918,166. The company has a fifty day moving average of $7.02 and a 200 day moving average of $7.36. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $12.33. The company has a market capitalization of $751.02 million, a P/E ratio of 60.38 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 (EPS) 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 business 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. On average, analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America lowered their target price on Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating for the company in a report on Monday. Jefferies Financial Group initiated coverage on Armada Hoffler Properties in a research report on Friday, June 27th. They issued a "buy" rating and a $8.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Armada Hoffler Properties currently has a consensus rating of "Hold" and an average price target of $8.38.

Armada Hoffler Properties Company 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.