Armada Hoffler Properties, Inc. (NYSE:AHH) Receives Average Rating of “Hold” from Analysts

Armada Hoffler Properties, Inc. (NYSE:AHH) has been given an average rating of “Hold” by the five brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $8.1250.

Several research firms have recently commented on AHH. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Wednesday. Wall Street Zen cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. Bank of America dropped their target price on Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating on the stock in a research report on Monday, August 25th. Finally, Scotiabank cut their target price on Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Thursday, November 13th.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of institutional investors and hedge funds have recently made changes to their positions in AHH. Vanguard Group Inc. lifted its stake 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 purchasing an additional 133,027 shares during the period. Invesco Ltd. lifted its position in shares of Armada Hoffler Properties by 10.9% during the 3rd quarter. Invesco Ltd. now owns 2,218,775 shares of the real estate investment trust’s stock valued at $15,554,000 after acquiring an additional 218,167 shares during the period. Geode Capital Management LLC boosted its stake in shares of Armada Hoffler Properties by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,152,724 shares of the real estate investment trust’s stock worth $14,791,000 after acquiring an additional 46,173 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Armada Hoffler Properties by 46.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,557,017 shares of the real estate investment trust’s stock worth $10,697,000 after acquiring an additional 496,620 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Armada Hoffler Properties by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,203,690 shares of the real estate investment trust’s stock worth $9,040,000 after acquiring an additional 37,600 shares during the period. 66.35% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Stock Performance

Shares of NYSE:AHH traded up $0.24 during trading on Friday, reaching $6.27. The company had a trading volume of 991,151 shares, compared to its average volume of 847,303. Armada Hoffler Properties has a fifty-two week low of $6.01 and a fifty-two week high of $11.24. The company has a debt-to-equity ratio of 2.35, a current ratio of 7.14 and a quick ratio of 7.14. The stock’s fifty day moving average price is $6.70 and its 200 day moving average price is $6.93. The firm has a market capitalization of $650.07 million, a price-to-earnings ratio of 33.00 and a beta of 1.12.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03. The firm had revenue of $72.15 million during the quarter, compared to the consensus estimate of $66.23 million. Armada Hoffler Properties had a return on equity of 4.43% and a net margin of 6.77%. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, equities research analysts predict that Armada Hoffler Properties will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 24th were given a $0.14 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.56 annualized dividend and a yield of 8.9%. Armada Hoffler Properties’s dividend payout ratio is presently 294.74%.

About Armada Hoffler Properties

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.