Public Sector Pension Investment Board Has $1.90 Million Stock Holdings in Armada Hoffler Properties, Inc. $AHH

Key Points

• The Public Sector Pension Investment Board increased its stake in Armada Hoffler Properties, acquiring an additional 54,235 shares, resulting in a total ownership of 252,758 shares, worth approximately $1.9 million.
• Armada Hoffler Properties' stock is currently down 2.3%, trading at $6.93, with a 52-week range between $6.10 and $12.46, and a market capitalization of $717.87 million.
• The company declared a quarterly dividend of $0.14 per share, which equates to an annualized dividend yield of 8.1%, despite a high dividend payout ratio of 466.67%.

Public Sector Pension Investment Board grew its position in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 27.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 252,758 shares of the real estate investment trust's stock after purchasing an additional 54,235 shares during the period. Public Sector Pension Investment Board owned about 0.25% of Armada Hoffler Properties worth $1,898,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Nuveen LLC bought a new position in shares of Armada Hoffler Properties in the first quarter valued at about $7,323,000. Virtu Financial LLC bought a new position in shares of Armada Hoffler Properties in the first quarter valued at about $83,000. Invesco Ltd. raised its holdings in shares of Armada Hoffler Properties by 40.2% in the first 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Armada Hoffler Properties by 3.2% in the first 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 buying an additional 37,600 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings 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 during the last quarter. 66.35% of the stock is owned by institutional investors.

Armada Hoffler Properties Trading Down 0.2%

Shares of AHH stock traded down $0.02 on Tuesday, reaching $7.10. The company had a trading volume of 509,587 shares, compared to its average volume of 682,113. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 2.23. The stock has a market cap of $735.47 million, a PE ratio of 59.13 and a beta of 1.12. The company has a 50-day moving average of $7.01 and a 200-day moving average of $7.38. Armada Hoffler Properties, Inc. has a 12 month low of $6.10 and a 12 month high of $12.46.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last announced its quarterly 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 net margin of 4.39% and a return on equity of 3.40%. 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. On average, equities analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were given a $0.14 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 7.9%. Armada Hoffler Properties's payout ratio is currently 466.67%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AHH. 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 report 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 report on Monday. Finally, 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 objective for the company. Two investment 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's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.