Brokerages expect Armada Hoffler Properties, Inc. (NYSE:AHH) to announce earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Armada Hoffler Properties’ earnings. The lowest EPS estimate is $0.22 and the highest is $0.25. Armada Hoffler Properties posted earnings of $0.26 per share in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The business is expected to issue its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Armada Hoffler Properties will report full-year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.97 to $0.99. For the next fiscal year, analysts forecast that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.92 to $1.06. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Armada Hoffler Properties.
Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $26.76 million during the quarter, compared to analyst estimates of $27.18 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share.
AHH has been the subject of several analyst reports. Zacks Investment Research upgraded Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. ValuEngine cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. FBR & Co reiterated an “outperform” rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. Finally, Stifel Nicolaus cut their price objective on Armada Hoffler Properties from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Armada Hoffler Properties presently has an average rating of “Hold” and an average price target of $14.92.
Armada Hoffler Properties (NYSE AHH) traded down 1.37% during mid-day trading on Monday, hitting $13.00. 275,020 shares of the stock were exchanged. Armada Hoffler Properties has a 12-month low of $12.52 and a 12-month high of $14.98. The firm has a 50-day moving average price of $13.16 and a 200-day moving average price of $13.61. The stock has a market capitalization of $816.10 million, a P/E ratio of 26.58 and a beta of 0.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.
In other Armada Hoffler Properties news, CEO Louis S. Haddad acquired 10,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were acquired at an average price of $13.39 per share, for a total transaction of $133,900.00. Following the acquisition, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 20.87% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Armada Hoffler Properties during the second quarter valued at $113,000. Legal & General Group Plc boosted its position in Armada Hoffler Properties by 12.1% in the first quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 967 shares during the period. Loeb Partners Corp acquired a new position in Armada Hoffler Properties during the second quarter valued at $129,000. US Bancorp DE boosted its position in Armada Hoffler Properties by 15,303.0% in the second quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 10,100 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Armada Hoffler Properties during the second quarter valued at $137,000. Institutional investors and hedge funds own 62.36% of the company’s stock.
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Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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