Brown Advisory Inc. Increases Stock Holdings in Armada Hoffler Properties, Inc. $AHH

Brown Advisory Inc. grew its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 3,588.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,115,054 shares of the real estate investment trust’s stock after acquiring an additional 1,084,825 shares during the quarter. Brown Advisory Inc.’s holdings in Armada Hoffler Properties were worth $7,660,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AHH. Janney Montgomery Scott LLC raised its holdings in shares of Armada Hoffler Properties by 40.9% in the second quarter. Janney Montgomery Scott LLC now owns 196,199 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 56,964 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Armada Hoffler Properties by 9.5% during the second quarter. Asset Management One Co. Ltd. now owns 118,217 shares of the real estate investment trust’s stock valued at $812,000 after buying an additional 10,248 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Armada Hoffler Properties by 45.9% in the 2nd quarter. Penserra Capital Management LLC now owns 147,369 shares of the real estate investment trust’s stock valued at $1,012,000 after acquiring an additional 46,370 shares during the period. Invesco Ltd. raised its stake in Armada Hoffler Properties by 40.2% in the 1st quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust’s stock worth $13,289,000 after acquiring an additional 507,502 shares during the last quarter. Finally, LDR Capital Management LLC acquired a new stake in Armada Hoffler Properties during the 2nd quarter worth about $344,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America dropped their price target on Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating on the stock in a research note on Monday, August 25th. Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, October 28th. Scotiabank cut their price target on shares of Armada Hoffler Properties from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Thursday, November 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Tuesday, November 25th. Finally, Wall Street Zen downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.13.

Armada Hoffler Properties Price Performance

NYSE:AHH opened at $6.68 on Tuesday. 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 company has a 50 day moving average price of $6.55 and a 200-day moving average price of $6.88. Armada Hoffler Properties, Inc. has a 1-year low of $6.01 and a 1-year high of $11.07. The firm has a market cap of $692.06 million, a price-to-earnings ratio of 35.13 and a beta of 1.06.

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

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.4%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 294.74%.

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.