Tectonic Advisors LLC Acquires Shares of 20,600 Armada Hoffler Properties, Inc. $AHH

Tectonic Advisors LLC acquired a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,600 shares of the real estate investment trust’s stock, valued at approximately $142,000.

Several other institutional investors have also added to or reduced their stakes in AHH. GAMMA Investing LLC lifted its holdings in shares of Armada Hoffler Properties by 250.1% in the first quarter. GAMMA Investing LLC now owns 5,535 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 3,954 shares in the last quarter. Albert D Mason Inc. lifted its holdings in shares of Armada Hoffler Properties by 16.4% in the first quarter. Albert D Mason Inc. now owns 211,766 shares of the real estate investment trust’s stock worth $1,590,000 after buying an additional 29,792 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Armada Hoffler Properties by 58.3% in the first quarter. Sound Income Strategies LLC now owns 1,400,581 shares of the real estate investment trust’s stock worth $10,518,000 after buying an additional 515,999 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Armada Hoffler Properties in the first quarter worth about $672,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Armada Hoffler Properties by 7.6% in the first quarter. Janney Montgomery Scott LLC now owns 139,235 shares of the real estate investment trust’s stock worth $1,046,000 after buying an additional 9,777 shares in the last quarter. 66.35% of the stock is owned by hedge funds and other institutional investors.

Armada Hoffler Properties Trading Down 1.5%

Shares of AHH opened at $6.59 on Friday. The firm’s 50 day simple moving average is $7.09 and its 200 day simple moving average is $7.02. The company has a market capitalization of $683.12 million, a P/E ratio of 54.92 and a beta of 1.12. 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, Inc. has a 1-year low of $6.10 and a 1-year high of $11.35.

Armada Hoffler Properties (NYSE:AHH) last announced its 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). The company had revenue of $65.15 million during the quarter, compared to analysts’ expectations 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. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders 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 yield of 8.5%. The ex-dividend date was Wednesday, September 24th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 466.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AHH shares. Bank of America lowered 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 report on Monday, August 25th. Jefferies Financial Group started coverage on shares of Armada Hoffler Properties in a report on Friday, June 27th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Armada Hoffler Properties in a report on Wednesday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.