Teacher Retirement System of Texas Cuts Stake in Armada Hoffler Properties, Inc. $AHH

Teacher Retirement System of Texas reduced its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 50.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,137 shares of the real estate investment trust’s stock after selling 12,113 shares during the period. Teacher Retirement System of Texas’ holdings in Armada Hoffler Properties were worth $83,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Armada Hoffler Properties in the first quarter valued at about $7,323,000. Invesco Ltd. lifted its stake in shares of Armada Hoffler Properties by 40.2% during the 1st quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust’s stock worth $13,289,000 after purchasing an additional 507,502 shares during the period. Cox Capital Mgt LLC purchased a new position in Armada Hoffler Properties during the second quarter worth about $1,965,000. HGI Capital Management LLC purchased a new stake in Armada Hoffler Properties in the 1st quarter valued at about $1,690,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Armada Hoffler Properties during the 1st quarter valued at about $1,338,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AHH shares. Bank of America lowered their target price on shares of Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating for the company in a report on Monday, August 25th. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings downgraded Armada Hoffler Properties from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group raised Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Armada Hoffler Properties has an average rating of “Hold” and a consensus target price of $8.38.

Armada Hoffler Properties Price Performance

Armada Hoffler Properties stock opened at $6.25 on Thursday. The firm has a fifty day moving average of $6.86 and a 200-day moving average of $6.96. Armada Hoffler Properties, Inc. has a 52-week low of $6.10 and a 52-week high of $11.24. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $647.67 million, a P/E ratio of 32.89 and a beta of 1.12.

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 for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Armada Hoffler Properties had a net margin of 6.77% and a return on equity of 4.43%. The firm had revenue of $68.72 million during the quarter, compared to analysts’ expectations of $66.23 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, analysts predict that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 24th were paid a $0.14 dividend. The ex-dividend date was Wednesday, September 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.0%. 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.