Inspire Investing LLC Buys 11,189 Shares of Armada Hoffler Properties, Inc. $AHH

Inspire Investing LLC lifted its stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) by 24.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,127 shares of the real estate investment trust’s stock after acquiring an additional 11,189 shares during the quarter. Inspire Investing LLC owned approximately 0.06% of Armada Hoffler Properties worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Armada Hoffler Properties by 464.9% in the second quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 3,426 shares in the last quarter. Crossingbridge Advisors LLC bought a new stake in Armada Hoffler Properties in the first quarter worth approximately $38,000. Virtu Financial LLC bought a new stake in Armada Hoffler Properties in the first quarter worth approximately $83,000. Callan Family Office LLC bought a new stake in Armada Hoffler Properties in the second quarter worth approximately $83,000. Finally, Magnetar Financial LLC acquired a new stake in Armada Hoffler Properties in the first quarter valued at approximately $94,000. 66.35% of the stock is currently owned by institutional investors.

Armada Hoffler Properties Stock Up 2.0%

AHH stock opened at $6.72 on Tuesday. The stock’s fifty day simple moving average is $7.09 and its two-hundred day simple moving average is $7.01. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 2.23. Armada Hoffler Properties, Inc. has a 1-year low of $6.10 and a 1-year high of $11.35. The stock has a market cap of $696.60 million, a P/E ratio of 56.00 and a beta of 1.12.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 3.40% and a net margin of 4.39%.The business had revenue of $65.15 million during the quarter, compared to analysts’ expectations of $63.29 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. 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 declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 24th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Wednesday, September 24th. Armada Hoffler Properties’s dividend payout ratio is currently 466.67%.

Wall Street Analyst Weigh In

A number of brokerages have commented on AHH. Weiss Ratings reissued a “hold (c-)” rating on shares of Armada Hoffler Properties in a research note on Wednesday, October 8th. Bank of America reduced their price objective on Armada Hoffler Properties from $7.50 to $7.00 and set an “underperform” rating for the company in a research note on Monday, August 25th. Finally, Jefferies Financial Group began coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They issued a “buy” rating and a $8.00 price objective for the company. Two equities research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $8.38.

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.