LDR Capital Management LLC Makes New $344,000 Investment in Armada Hoffler Properties, Inc. $AHH

LDR Capital Management LLC acquired a new stake in Armada Hoffler Properties, Inc. (NYSE:AHH) in the 2nd quarter, Holdings Channel reports. The firm acquired 50,000 shares of the real estate investment trust’s stock, valued at approximately $344,000. Armada Hoffler Properties makes up 0.4% of LDR Capital Management LLC’s holdings, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in AHH. GAMMA Investing LLC lifted its stake in shares of Armada Hoffler Properties by 464.9% during 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 period. Crossingbridge Advisors LLC purchased a new position in Armada Hoffler Properties in the 1st quarter worth about $38,000. Virtu Financial LLC acquired a new position in Armada Hoffler Properties in the 1st quarter worth about $83,000. Magnetar Financial LLC bought a new position in shares of Armada Hoffler Properties in the first quarter worth about $94,000. Finally, Strs Ohio acquired a new stake in Armada Hoffler Properties during the first quarter valued at approximately $111,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Down 0.4%

Shares of AHH opened at $7.01 on Monday. The company’s 50-day simple moving average is $7.10 and its 200-day simple moving average is $7.04. The stock has a market capitalization of $726.17 million, a PE ratio of 58.38 and a beta of 1.12. Armada Hoffler Properties, Inc. has a 1 year low of $6.10 and a 1 year high of $11.35. The company has a debt-to-equity ratio of 2.23, a quick ratio of 8.66 and a current ratio of 8.66.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The company had revenue of $65.15 million for the quarter, compared to analyst estimates 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. Analysts forecast that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Wednesday, September 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend was Wednesday, September 24th. Armada Hoffler Properties’s payout ratio is 466.67%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group started coverage on Armada Hoffler Properties in a report on Friday, June 27th. They issued a “buy” rating and a $8.00 price target on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Armada Hoffler Properties in a research note on Saturday, September 27th. Finally, Bank of America dropped 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. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Armada Hoffler Properties presently has a consensus rating of “Hold” and a consensus 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.