Janney Montgomery Scott LLC Buys 2,718 Shares of Armada Hoffler Properties, Inc. (NYSE:AHH)

Posted by Defense World Staff on Jul 25th, 2023

Janney Montgomery Scott LLC grew its holdings in shares of Armada Hoffler Properties, Inc. (NYSE:AHH – Free Report) by 0.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 340,569 shares of the real estate investment trust’s stock after buying an additional 2,718 shares during the quarter. Janney Montgomery Scott LLC owned 0.39% of Armada Hoffler Properties worth $4,022,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its stake in shares of Armada Hoffler Properties by 3.5% during the fourth quarter. Bank of Montreal Can now owns 161,771 shares of the real estate investment trust’s stock valued at $1,867,000 after buying an additional 5,395 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Armada Hoffler Properties by 48.5% during the fourth quarter. First Eagle Investment Management LLC now owns 407,832 shares of the real estate investment trust’s stock valued at $4,690,000 after buying an additional 133,133 shares during the last quarter. Foster & Motley Inc. grew its stake in shares of Armada Hoffler Properties by 9.1% during the fourth quarter. Foster & Motley Inc. now owns 243,246 shares of the real estate investment trust’s stock valued at $2,797,000 after buying an additional 20,216 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Armada Hoffler Properties by 18.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 178,875 shares of the real estate investment trust’s stock valued at $2,057,000 after buying an additional 27,460 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Armada Hoffler Properties by 8.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 312,946 shares of the real estate investment trust’s stock worth $3,696,000 after purchasing an additional 23,550 shares in the last quarter. Institutional investors own 67.53% of the company’s stock.

Armada Hoffler Properties Stock Up 1.7 %

Shares of NYSE AHH opened at $12.20 on Tuesday. The company has a current ratio of 14.39, a quick ratio of 14.39 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $1.08 billion, a PE ratio of 14.35 and a beta of 0.93. The stock’s fifty day simple moving average is $11.76 and its two-hundred day simple moving average is $12.01. Armada Hoffler Properties, Inc. has a 12-month low of $10.04 and a 12-month high of $14.62.

Armada Hoffler Properties (NYSE:AHH – Get Free Report) last announced its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.27). The company had revenue of $56.22 million for the quarter, compared to the consensus estimate of $56.39 million. Armada Hoffler Properties had a net margin of 16.83% and a return on equity of 12.09%. As a group, analysts expect that Armada Hoffler Properties, Inc. will post 1.25 EPS for the current fiscal year.

Armada Hoffler Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Wednesday, June 28th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 6.40%. The ex-dividend date was Tuesday, June 27th. This is a boost from Armada Hoffler Properties’s previous quarterly dividend of $0.19. Armada Hoffler Properties’s dividend payout ratio (DPR) is 91.77%.

Analysts Set New Price Targets

Separately, StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th.

About Armada Hoffler Properties

(Free Report)

Armada Hoffler (NYSE:AHH) is a vertically-integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.