Vanguard Group Inc. Acquires 133,027 Shares of Armada Hoffler Properties, Inc. $AHH

Key Points

• Vanguard Group Inc. has increased its stake in Armada Hoffler Properties by 1.4%, owning approximately 9.52% of the company, valued at $72.47 million.
• Armada Hoffler Properties reported a quarterly earnings miss, with $0.25 EPS compared to analysts' expectations of $0.26, while the company also announced a dividend with a yield of 7.9%.
• Several brokerages have issued a consensus rating of "Moderate Buy" for Armada Hoffler Properties, with a target price of $8.83, despite a recent price objective reduction by Stifel Nicolaus.

Vanguard Group Inc. increased its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,649,827 shares of the real estate investment trust's stock after purchasing an additional 133,027 shares during the period. Vanguard Group Inc. owned about 9.52% of Armada Hoffler Properties worth $72,470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of Armada Hoffler Properties by 61.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust's stock valued at $158,000 after purchasing an additional 7,985 shares during the period. Cerity Partners LLC increased its position in shares of Armada Hoffler Properties by 180.2% during the first quarter. Cerity Partners LLC now owns 165,747 shares of the real estate investment trust's stock valued at $1,245,000 after purchasing an additional 106,588 shares during the period. Jennison Associates LLC bought a new stake in shares of Armada Hoffler Properties during the first quarter valued at approximately $647,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Armada Hoffler Properties by 23.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,776 shares of the real estate investment trust's stock valued at $458,000 after purchasing an additional 8,372 shares during the period. Finally, Brookwood Investment Group LLC bought a new stake in shares of Armada Hoffler Properties during the first quarter valued at approximately $286,000. 66.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AHH has been the topic of a number of analyst reports. 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 on the stock. Stifel Nicolaus lowered their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Bank of America lowered their price target on Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating on the stock in a research report on Monday. Two equities research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $8.38.

Armada Hoffler Properties Trading Down 1.0%

Shares of AHH traded down $0.08 during trading hours on Thursday, hitting $7.13. 203,504 shares of the stock traded hands, compared to its average volume of 919,637. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 2.23. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.33. The firm has a market capitalization of $738.58 million, a PE ratio of 59.38 and a beta of 1.12. The business has a fifty day moving average of $7.01 and a 200-day moving average of $7.38.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released 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). The company had revenue of $65.15 million during the quarter, compared to analyst estimates of $63.29 million. Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.40%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. Analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Dividend Announcement

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