Aristotle Capital Boston LLC Sells 103,855 Shares of Armada Hoffler Properties, Inc. $AHRT

Aristotle Capital Boston LLC cut its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHRT) by 9.6% in the 4th quarter, HoldingsChannel reports. The fund owned 979,978 shares of the real estate investment trust’s stock after selling 103,855 shares during the period. Aristotle Capital Boston LLC’s holdings in Armada Hoffler Properties were worth $6,487,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Adams Asset Advisors LLC increased its position in shares of Armada Hoffler Properties by 36.7% during the fourth quarter. Adams Asset Advisors LLC now owns 409,923 shares of the real estate investment trust’s stock worth $2,714,000 after acquiring an additional 110,000 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Armada Hoffler Properties during the third quarter worth about $720,000. State of New Jersey Common Pension Fund D increased its position in shares of Armada Hoffler Properties by 8.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 406,493 shares of the real estate investment trust’s stock worth $2,850,000 after acquiring an additional 30,733 shares in the last quarter. M&G PLC increased its position in shares of Armada Hoffler Properties by 36.7% during the third quarter. M&G PLC now owns 31,587 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 8,475 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Armada Hoffler Properties by 53.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 88,838 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 30,894 shares in the last quarter. 66.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AHRT shares. Scotiabank reduced their price objective on shares of Armada Hoffler Properties from $7.50 to $7.00 and set a “sector perform” rating for the company in a research report on Tuesday, March 17th. Zacks Research raised shares of Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. Wall Street Zen raised shares of Armada Hoffler Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings raised shares of Armada Hoffler Properties from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Stifel Nicolaus reduced their price objective on shares of Armada Hoffler Properties from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Armada Hoffler Properties Stock Down 2.0%

AHRT opened at $6.61 on Thursday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 2.26. The stock has a market cap of $665.39 million, a price-to-earnings ratio of -19.43 and a beta of 1.08. Armada Hoffler Properties, Inc. has a twelve month low of $5.13 and a twelve month high of $7.71. The company’s 50-day moving average price is $6.42 and its two-hundred day moving average price is $6.44.

Armada Hoffler Properties (NYSE:AHRT) last released its earnings results on Monday, May 4th. The real estate investment trust reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.29). The company had revenue of $40.06 million during the quarter, compared to analysts’ expectations of $52.43 million. Armada Hoffler Properties had a negative net margin of 6.87% and a positive return on equity of 0.91%. Armada Hoffler Properties has set its FY 2026 guidance at 0.510-0.550 EPS. As a group, equities analysts expect that Armada Hoffler Properties, Inc. will post 0.58 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 24th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Wednesday, June 24th. Armada Hoffler Properties’s payout ratio is presently -164.71%.

Armada Hoffler Properties announced that its Board of Directors has approved a share buyback plan on Thursday, May 14th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 15% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.