Armada Hoffler Properties, Inc. $AHH Stock Holdings Increased by Wealthedge Investment Advisors LLC

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Armada Hoffler Properties by 61.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust's stock worth $158,000 after acquiring an additional 7,985 shares during the period. Cerity Partners LLC boosted its holdings in Armada Hoffler Properties by 180.2% in the 1st quarter. Cerity Partners LLC now owns 165,747 shares of the real estate investment trust's stock worth $1,245,000 after acquiring an additional 106,588 shares during the period. Jennison Associates LLC purchased a new position in Armada Hoffler Properties in the 1st quarter worth approximately $647,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Armada Hoffler Properties by 23.0% during the 4th 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 buying an additional 8,372 shares during the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of Armada Hoffler Properties during the 1st quarter valued at approximately $286,000. Hedge funds and other institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Price Performance

NYSE:AHH traded up $0.0750 during mid-day trading on Tuesday, reaching $7.0950. 327,474 shares of the stock were exchanged, compared to its average volume of 939,070. The business has a fifty day moving average price of $7.00 and a 200 day moving average price of $7.47. The firm has a market capitalization of $735.47 million, a PE ratio of 59.13 and a beta of 1.12. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $12.46. 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 (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 (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The firm had revenue of $65.15 million for the quarter, compared to analyst estimates of $63.29 million. Armada Hoffler Properties had a return on equity of 3.40% and a net margin of 4.39%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. 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 business also recently declared 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 dividend on an annualized basis and a dividend yield of 7.9%. Armada Hoffler Properties's dividend payout ratio (DPR) is 466.67%.

Analyst Ratings Changes

AHH has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on Armada Hoffler Properties in a research note 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 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 given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $8.83.

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.