Callan Family Office LLC Makes New $83,000 Investment in Armada Hoffler Properties, Inc. $AHH

Callan Family Office LLC purchased a new position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,135 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its position in Armada Hoffler Properties by 61.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 7,985 shares during the last quarter. Cerity Partners LLC increased its position in Armada Hoffler Properties by 180.2% during the first quarter. Cerity Partners LLC now owns 165,747 shares of the real estate investment trust’s stock worth $1,245,000 after buying an additional 106,588 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Armada Hoffler Properties by 40.9% during 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. Jennison Associates LLC acquired a new position in Armada Hoffler Properties during the first quarter worth approximately $647,000. Finally, Invesco Ltd. increased its position in Armada Hoffler Properties by 40.2% during the first quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust’s stock worth $13,289,000 after buying an additional 507,502 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company’s stock.

Armada Hoffler Properties Trading Down 0.2%

Shares of AHH stock opened at $6.60 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 2.23. The stock has a market cap of $684.16 million, a P/E ratio of 55.00 and a beta of 1.12. The stock has a 50 day simple moving average of $7.07 and a 200 day simple moving average of $6.99. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $11.32.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $65.15 million during the quarter, compared to the consensus estimate of $63.29 million. Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.40%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. On average, research analysts predict that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, September 24th. This represents a $0.56 annualized dividend and a yield of 8.5%. Armada Hoffler Properties’s dividend payout ratio is presently 466.67%.

Analyst Upgrades and Downgrades

AHH has been the topic of a number of recent analyst reports. Bank of America lowered 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. Jefferies Financial Group began coverage on Armada Hoffler Properties in a report on Friday, June 27th. They set a “buy” rating and a $8.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Armada Hoffler Properties in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Armada Hoffler Properties presently has an average rating of “Hold” and an average price target of $8.38.

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.