1,023,400 Shares in Armada Hoffler Properties, Inc. $AHH Bought by Berman McAleer LLC

Berman McAleer LLC purchased a new stake in shares of Armada Hoffler Properties, Inc. (NYSE:AHH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,023,400 shares of the real estate investment trust’s stock, valued at approximately $7,317,000. Armada Hoffler Properties comprises 1.0% of Berman McAleer LLC’s holdings, making the stock its 23rd biggest holding.

A number of other large investors have also added to or reduced their stakes in AHH. GAMMA Investing LLC raised 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 acquiring an additional 3,426 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Armada Hoffler Properties by 172.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 5,015 shares during the period. Inscription Capital LLC bought a new position in Armada Hoffler Properties during the 3rd quarter valued at approximately $72,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in Armada Hoffler Properties in the 2nd quarter worth approximately $77,000. Finally, Callan Family Office LLC bought a new stake in shares of Armada Hoffler Properties in the 2nd quarter worth approximately $83,000. Institutional investors own 66.35% of the company’s stock.

Armada Hoffler Properties Stock Up 1.0%

Shares of Armada Hoffler Properties stock opened at $6.98 on Friday. Armada Hoffler Properties, Inc. has a 1 year low of $6.01 and a 1 year high of $9.80. The firm has a market cap of $723.69 million, a price-to-earnings ratio of 36.74 and a beta of 1.04. The company has a 50-day moving average of $6.75 and a 200 day moving average of $6.84. The company has a debt-to-equity ratio of 2.35, a current ratio of 7.14 and a quick ratio of 7.14.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. Armada Hoffler Properties had a net margin of 6.77% and a return on equity of 4.43%. The business had revenue of $72.15 million for the quarter, compared to analysts’ expectations of $66.23 million. Armada Hoffler Properties has set its FY 2025 guidance at 1.030-1.070 EPS. As a group, sell-side analysts anticipate that Armada Hoffler Properties, Inc. will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 8.0%. Armada Hoffler Properties’s payout ratio is presently 294.74%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AHH shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Armada Hoffler Properties in a research note on Monday, December 29th. UBS Group set a $7.50 target price on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. Jefferies Financial Group upgraded shares of Armada Hoffler Properties to a “strong-buy” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Scotiabank lifted their price objective on Armada Hoffler Properties from $7.00 to $7.50 and gave the company a “sector perform” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.10.

About Armada Hoffler Properties

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.