Great Lakes Advisors LLC Sells 79,552 Shares of Armada Hoffler Properties, Inc. $AHH

Great Lakes Advisors LLC decreased its holdings in Armada Hoffler Properties, Inc. (NYSE:AHH) by 20.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,414 shares of the real estate investment trust’s stock after selling 79,552 shares during the period. Great Lakes Advisors LLC owned about 0.31% of Armada Hoffler Properties worth $2,225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in 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 valued at $14,791,000 after purchasing an additional 46,173 shares during the last quarter. Invesco Ltd. raised its position in shares of Armada Hoffler Properties by 13.1% in the second quarter. Invesco Ltd. now owns 2,000,608 shares of the real estate investment trust’s stock valued at $13,744,000 after purchasing an additional 231,067 shares during the period. Qube Research & Technologies Ltd lifted its stake in shares of Armada Hoffler Properties by 46.8% during 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 buying an additional 496,620 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Armada Hoffler Properties by 3,588.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock worth $7,660,000 after buying an additional 1,084,825 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Armada Hoffler Properties by 12.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 910,024 shares of the real estate investment trust’s stock worth $6,252,000 after buying an additional 102,641 shares during the period. 66.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Scotiabank increased their price target on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a report on Wednesday, January 14th. Wall Street Zen downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. UBS Group set a $7.50 price target on Armada Hoffler Properties in a report on Wednesday, January 14th. Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $8.10.

Armada Hoffler Properties Stock Performance

NYSE:AHH opened at $6.98 on Friday. The company has a market cap of $723.69 million, a price-to-earnings ratio of 36.74 and a beta of 1.04. Armada Hoffler Properties, Inc. has a fifty-two week low of $6.01 and a fifty-two week high of $9.80. The company has a debt-to-equity ratio of 2.35, a quick ratio of 7.14 and a current ratio of 7.14. The stock has a fifty day moving average price of $6.75 and a 200-day moving average price of $6.83.

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

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Armada Hoffler Properties’s dividend payout ratio is 294.74%.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.