Bank of America Has Lowered Expectations for Armada Hoffler Properties (NYSE:AHH) Stock Price

Armada Hoffler Properties (NYSE:AHH) had its price objective cut by Bank of America from $7.50 to $7.00 in a report issued on Monday morning,Benzinga reports. They currently have an underperform rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus dropped their price target on Armada Hoffler Properties from $12.25 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group assumed coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They set a “buy” rating and a $8.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.38.

Armada Hoffler Properties Price Performance

Shares of AHH stock opened at $7.21 on Monday. Armada Hoffler Properties has a fifty-two week low of $6.10 and a fifty-two week high of $12.46. The firm has a market capitalization of $746.87 million, a price-to-earnings ratio of 60.05 and a beta of 1.12. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.66 and a current ratio of 8.66. The stock’s 50-day simple moving average is $7.01 and its 200-day simple moving average is $7.38.

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 for the quarter, missing analysts’ consensus estimates 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 for 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. As a group, equities analysts forecast that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were given a $0.14 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 7.8%. Armada Hoffler Properties’s dividend payout ratio is currently 466.67%.

Institutional Investors Weigh In On Armada Hoffler Properties

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position 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 valued at $29,000 after buying an additional 3,426 shares during the last quarter. Crossingbridge Advisors LLC purchased a new stake in Armada Hoffler Properties in the first quarter valued at approximately $38,000. Tower Research Capital LLC TRC boosted its position in Armada Hoffler Properties by 172.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 5,015 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new stake in Armada Hoffler Properties in the second quarter valued at approximately $77,000. Finally, Virtu Financial LLC acquired a new position in Armada Hoffler Properties in the first quarter valued at approximately $83,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

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.