Singular Research: “AHH is an Incredibly Well-Managed REIT that Trades Well Below their Peers”

Singular Research, an investment management firm, published its October 2021 investor letter – a copy of which can be seen here. For the month of October, the Singular coverage list underperformed the S&P 500 and outperformed the Russell 2000 by (128) and 142 basis points, respectively. Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 6,625 and 5,777 basis points, respectively. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Singular Research, in its Q3 2021 investor letter, mentioned Armada Hoffler Properties, Inc. (NYSE: AHH) and discussed its stance on the firm. Armada Hoffler Properties, Inc. is a Virginia Beach, Virginia-based real estate investment trust company with a $936.1 million market capitalization. AHH delivered a 35.65% return since the beginning of the year, while its 12-month returns are up by 39.12%. The stock closed at $15.22 per share on December 21, 2021.

Here is what Singular Research has to say about Armada Hoffler Properties, Inc.  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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Based on our calculations, Armada Hoffler Properties, Inc. (NYSE: AHH) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. AHH was in 10 hedge fund portfolios at the end of the third quarter of 2021, compared to 10 funds in the previous quarter. Armada Hoffler Properties, Inc. (NYSE: AHH) delivered a 12.32% return in the past 3 months.

You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.