Great Lakes Advisors LLC Has $2.23 Million Stock Holdings in Armada Hoffler Properties, Inc. $AHH

Great Lakes Advisors LLC lowered its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 20.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 317,414 shares of the real estate investment trust’s stock after selling 79,552 shares during the period. Great Lakes Advisors LLC’s holdings in Armada Hoffler Properties were worth $2,225,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AHH. Brown Advisory Inc. boosted its stake in Armada Hoffler Properties by 3,588.7% in the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock valued at $7,660,000 after buying an additional 1,084,825 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in shares of Armada Hoffler Properties by 46.8% in the second 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 last quarter. Jane Street Group LLC boosted its stake in shares of Armada Hoffler Properties by 434.6% in the 2nd quarter. Jane Street Group LLC now owns 384,421 shares of the real estate investment trust’s stock valued at $2,641,000 after purchasing an additional 312,516 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Armada Hoffler Properties by 13.1% during the 2nd 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 last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Armada Hoffler Properties during the 2nd quarter valued at approximately $951,000. 66.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AHH has been the subject of several research reports. Scotiabank increased their price objective on shares of Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. Wall Street Zen downgraded 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. Finally, UBS Group set a $7.50 target price on Armada Hoffler Properties in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus 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 capitalization of $723.69 million, a price-to-earnings ratio of 36.74 and a beta of 1.04. The company has a quick ratio of 7.14, a current ratio of 7.14 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties, Inc. has a twelve month low of $6.01 and a twelve month high of $9.80. The stock has a fifty day simple moving average of $6.75 and a 200 day simple moving average of $6.83.

Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate 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 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. Sell-side analysts expect that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

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