Sound Income Strategies LLC Lowers Position in Armada Hoffler Properties, Inc. $AHH

Key Points

• Sound Income Strategies LLC has reduced its stake in Armada Hoffler Properties, Inc. by 15.4%, leaving it with 1,184,670 shares worth approximately $8.14 million.
• The company announced a quarterly dividend of $0.14, corresponding to an annualized dividend yield of 8.2%, with a payout ratio currently at 466.67%.
• According to analysts, Armada Hoffler Properties has a consensus rating of "Hold" and a price target averaging $8.38, following notable changes in ratings and targets from various financial institutions.

Sound Income Strategies LLC lessened its stake in Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 15.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,184,670 shares of the real estate investment trust's stock after selling 215,911 shares during the quarter. Sound Income Strategies LLC owned approximately 1.17% of Armada Hoffler Properties worth $8,139,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AHH. Nuveen LLC purchased a new position in shares of Armada Hoffler Properties in the first quarter worth $7,323,000. Invesco Ltd. lifted 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 worth $13,289,000 after buying an additional 507,502 shares in the last quarter. Cox Capital Mgt LLC purchased a new position in shares of Armada Hoffler Properties in the second quarter worth $1,965,000. HGI Capital Management LLC purchased a new position in shares of Armada Hoffler Properties in the first quarter worth $1,690,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Armada Hoffler Properties in the first quarter worth $1,338,000. Hedge funds and other institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Trading Up 0.1%

Shares of AHH opened at $6.81 on Monday. Armada Hoffler Properties, Inc. has a twelve month low of $6.10 and a twelve month high of $11.35. The company has a market cap of $705.41 million, a P/E ratio of 56.71 and a beta of 1.13. 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 company's fifty day simple moving average is $7.11 and its 200-day simple moving average is $7.07.

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 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 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, analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 24th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $0.56 annualized dividend and a dividend yield of 8.2%. Armada Hoffler Properties's dividend payout ratio is currently 466.67%.

Wall Street Analysts Forecast Growth

AHH has been the topic of several research analyst reports. Jefferies Financial Group assumed coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They issued a "buy" rating and a $8.00 target price on the stock. Bank of America decreased their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating on the stock in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently 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.

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