Wealthedge Investment Advisors LLC Grows Stake in Armada Hoffler Properties, Inc. $AHH

Key Points

• Wealthedge Investment Advisors LLC significantly increased its stake in Armada Hoffler Properties by 252.8%, acquiring 136,783 shares to own 190,886 shares valued at $1.43 million.
• Armada Hoffler reported earnings of $0.25 per share for the most recent quarter, missing the consensus estimate by $0.01, while revenue exceeded expectations at $65.15 million.
• The company announced a quarterly dividend of $0.14, resulting in an annualized dividend yield of 7.8%, with a high dividend payout ratio of 466.67%.

Wealthedge Investment Advisors LLC grew its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Free Report) by 252.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,886 shares of the real estate investment trust's stock after buying an additional 136,783 shares during the period. Wealthedge Investment Advisors LLC owned approximately 0.19% of Armada Hoffler Properties worth $1,434,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of AHH. Virtu Financial LLC bought a new position in shares of Armada Hoffler Properties in the 1st quarter worth $83,000. Summit Investment Advisors Inc. lifted its stake in Armada Hoffler Properties by 23.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,248 shares of the real estate investment trust's stock valued at $84,000 after acquiring an additional 1,551 shares in the last quarter. Quantinno Capital Management LP bought a new position in Armada Hoffler Properties during the 4th quarter valued at $115,000. Focus Partners Wealth lifted its stake in Armada Hoffler Properties by 28.2% during the 4th quarter. Focus Partners Wealth now owns 13,332 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 2,931 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Armada Hoffler Properties during the 1st quarter valued at $138,000. 66.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Armada Hoffler Properties in a research report on Friday, June 27th. They set a "buy" rating and a $8.00 target price for the company. Stifel Nicolaus reduced their target price on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Armada Hoffler Properties has a consensus rating of "Moderate Buy" and a consensus target price of $8.83.

Armada Hoffler Properties Trading Down 1.3%

AHH stock traded down $0.0950 during midday trading on Wednesday, hitting $6.9950. The company had a trading volume of 139,480 shares, compared to its average volume of 933,845. 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 52 week low of $6.10 and a 52 week high of $12.46. The stock's 50 day moving average price is $7.00 and its 200 day moving average price is $7.47. The stock has a market cap of $725.10 million, a price-to-earnings ratio of 58.30 and a beta of 1.12.

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 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The business had revenue of $65.15 million for the quarter, compared to the consensus estimate 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. As a group, equities research analysts expect that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties's dividend payout ratio is presently 466.67%.

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.