Armada Hoffler Properties, Inc. $AHH Shares Purchased by Corsair Capital Management L.P.

Corsair Capital Management L.P. boosted its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 50.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,000 shares of the real estate investment trust’s stock after buying an additional 10,000 shares during the period. Corsair Capital Management L.P.’s holdings in Armada Hoffler Properties were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Armada Hoffler Properties by 464.9% during the second quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 3,426 shares in the last quarter. Crossingbridge Advisors LLC acquired a new position in Armada Hoffler Properties during the 1st quarter valued at approximately $38,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Armada Hoffler Properties during the second quarter worth $77,000. Virtu Financial LLC purchased a new stake in shares of Armada Hoffler Properties during the first quarter valued at $83,000. Finally, Callan Family Office LLC acquired a new position in shares of Armada Hoffler Properties in the 2nd quarter valued at $83,000. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHH opened at $6.47 on Friday. The company’s fifty day moving average price is $6.62 and its 200 day moving average price is $6.92. The company has a market capitalization of $670.29 million, a PE ratio of 34.03 and a beta of 1.12. Armada Hoffler Properties, Inc. has a 1 year low of $6.01 and a 1 year high of $11.24. The company has a debt-to-equity ratio of 2.35, a quick ratio of 7.14 and a current ratio of 7.14.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $72.15 million during the quarter, compared to analysts’ expectations 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. On average, research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

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 issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.7%. Armada Hoffler Properties’s dividend payout ratio is presently 294.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AHH shares. Wall Street Zen lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Scotiabank decreased their price objective on shares of 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. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d)” rating on shares of Armada Hoffler Properties in a research report on Tuesday. Finally, Bank of America cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.13.

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.