5 Cheap Dividend Stocks to Buy Today

1. Armada Hoffler Properties, Inc. (NYSE:AHH)

Number of Hedge Fund Holders: 10

Share Price as of March 28: $14.55

Dividend Yield as of March 28: 4.67%

Armada Hoffler Properties, Inc. (NYSE:AHH) is a real estate investment trust that develops and manages office, retail, and multifamily properties located in the Mid-Atlantic and Southeastern United States. The stock yields 4.67% as of March 28. 

On February 23, Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly per share dividend of $0.17, in line with previous. The dividend will be paid on April 7, to shareholders of record on March 30. 

The company published its Q4 results on February 10, announcing an FFO of $0.27, exceeding estimates by $0.01. Revenue for the period reached $69.92 million, outperforming estimates by $20.3 million. Armada Hoffler Properties, Inc. (NYSE:AHH)’s 2022 full-year normalized FFO guidance came in at $1.11 to $1.15 per diluted share, compared to a $1.11 market consensus. 

Among the hedge funds tracked by Insider Monkey, 10 funds were long Armada Hoffler Properties, Inc. (NYSE:AHH) at the end of the fourth quarter, with collective stakes exceeding $49 million. Renaissance Technologies held the biggest stake in the company, with 1.9 million shares worth $29.1 million. 

Here is what Singular Research has to say about Armada Hoffler Properties, Inc. (NYSE:AHH) in its Q3 2021 investor letter:

“For the month, we initiated coverage on AHH. AHH is a self-managed REIT with four decades of experience in developing, acquiring, and managing high-quality office, retail, and multi-family properties across the Mid-Atlantic and Southeastern regions of the U.S. AHH is an incredibly well-managed REIT that trades well below their peers

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