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Armada Hoffler Properties, Inc. (NYSE:AHH) Holdings Cut by Raymond James Financial Services Advisors Inc.

Defense World ·  Jan 26, 2023 04:17

Raymond James Financial Services Advisors Inc. decreased its stake in Armada Hoffler Properties, Inc. (NYSE:AHH – Get Rating) by 19.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,546 shares of the real estate investment trust's stock after selling 12,174 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of Armada Hoffler Properties worth $535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System bought a new position in shares of Armada Hoffler Properties during the 3rd quarter valued at $336,000. Phocas Financial Corp. grew its position in Armada Hoffler Properties by 3.2% in the 3rd quarter. Phocas Financial Corp. now owns 778,359 shares of the real estate investment trust's stock worth $8,079,000 after purchasing an additional 23,951 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Armada Hoffler Properties in the 3rd quarter worth $62,000. Sterneck Capital Management LLC grew its position in Armada Hoffler Properties by 12.1% in the 3rd quarter. Sterneck Capital Management LLC now owns 23,128 shares of the real estate investment trust's stock worth $240,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Cox Capital Mgt LLC grew its position in Armada Hoffler Properties by 3.4% in the 3rd quarter. Cox Capital Mgt LLC now owns 251,309 shares of the real estate investment trust's stock worth $2,609,000 after purchasing an additional 8,381 shares during the last quarter. Institutional investors own 67.03% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Armada Hoffler Properties in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock opened at $12.38 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 11.71 and a current ratio of 11.71. The firm's 50-day simple moving average is $11.88 and its 200-day simple moving average is $12.22. Armada Hoffler Properties, Inc. has a twelve month low of $10.04 and a twelve month high of $15.13. The firm has a market cap of $1.09 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 8.26 and a beta of 0.89.

Armada Hoffler Properties (NYSE:AHH – Get Rating) last issued its earnings results on Tuesday, November 8th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.09. Armada Hoffler Properties had a net margin of 22.28% and a return on equity of 12.02%. The business had revenue of $53.74 million for the quarter, compared to analyst estimates of $54.41 million. As a group, research analysts expect that Armada Hoffler Properties, Inc. will post 1.19 EPS for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Wednesday, December 28th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 6.14%. The ex-dividend date was Tuesday, December 27th. Armada Hoffler Properties's dividend payout ratio is currently 95.00%.

Armada Hoffler Properties Profile

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

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