State of New Jersey Common Pension Fund D Has $2.58 Million Stake in Armada Hoffler Properties, Inc. $AHH

State of New Jersey Common Pension Fund D boosted its position in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 18.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 375,760 shares of the real estate investment trust’s stock after buying an additional 58,643 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.37% of Armada Hoffler Properties worth $2,581,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Armada Hoffler Properties in the 1st quarter valued at approximately $7,323,000. Invesco Ltd. boosted its stake in shares of 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 valued at $13,289,000 after purchasing an additional 507,502 shares in the last quarter. Cox Capital Mgt LLC acquired a new stake in shares of Armada Hoffler Properties in the 2nd quarter valued at approximately $1,965,000. HGI Capital Management LLC acquired a new stake in shares of Armada Hoffler Properties in the 1st quarter valued at approximately $1,690,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Armada Hoffler Properties in the 1st quarter valued at approximately $1,338,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AHH has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Armada Hoffler Properties in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Bank of America reduced their price target on shares of 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Armada Hoffler Properties presently has a consensus rating of “Hold” and an average target price of $8.38.

Armada Hoffler Properties Stock Down 1.0%

Shares of NYSE AHH opened at $6.69 on Wednesday. The company has a 50 day simple moving average of $7.02 and a 200 day simple moving average of $6.99. The firm has a market cap of $692.97 million, a PE ratio of 55.71 and a beta of 1.12. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $11.32. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business 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 forecast that Armada Hoffler Properties, Inc. will post 1.05 EPS for the current year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Wednesday, September 24th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date was Wednesday, September 24th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 466.67%.

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.