Armada Hoffler Properties, Inc. Forecasted to Post FY2017 Earnings of $0.99 Per Share (NYSE:AHH)

Armada Hoffler Properties, Inc. (NYSE:AHH) – Equities researchers at B. Riley issued their FY2017 earnings estimates for Armada Hoffler Properties in a note issued to investors on Thursday, according to Zacks Investment Research. B. Riley analyst C. Kucera anticipates that the real estate investment trust will post earnings of $0.99 per share for the year. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Armada Hoffler Properties’ Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $1.03 EPS.

Several other research analysts have also issued reports on AHH. BidaskClub lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. FBR & Co reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, November 8th. Finally, TheStreet upgraded shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Armada Hoffler Properties presently has an average rating of “Buy” and an average target price of $15.08.

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Shares of Armada Hoffler Properties (NYSE:AHH) traded down $0.02 during midday trading on Monday, reaching $15.06. 291,900 shares of the company’s stock traded hands, compared to its average volume of 367,081. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13. The company has a market cap of $677.65, a price-to-earnings ratio of 14.93, a PEG ratio of 4.45 and a beta of 0.55. Armada Hoffler Properties has a 1-year low of $12.65 and a 1-year high of $15.23.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The company had revenue of $27.10 million during the quarter, compared to analysts’ expectations of $27.06 million. During the same quarter in the prior year, the company earned $0.26 EPS. The firm’s revenue was up 7.1% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in shares of Armada Hoffler Properties by 4.0% in the third quarter. Royce & Associates LP now owns 302,500 shares of the real estate investment trust’s stock valued at $4,178,000 after purchasing an additional 11,500 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Armada Hoffler Properties by 16.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 200,362 shares of the real estate investment trust’s stock valued at $2,767,000 after purchasing an additional 28,915 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Armada Hoffler Properties by 69.0% in the third quarter. Wells Fargo & Company MN now owns 205,681 shares of the real estate investment trust’s stock valued at $2,841,000 after purchasing an additional 83,972 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Armada Hoffler Properties by 110.3% in the third quarter. Citadel Advisors LLC now owns 120,052 shares of the real estate investment trust’s stock valued at $1,658,000 after purchasing an additional 62,972 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Armada Hoffler Properties by 112.6% in the third quarter. JPMorgan Chase & Co. now owns 485,974 shares of the real estate investment trust’s stock valued at $6,707,000 after purchasing an additional 257,371 shares in the last quarter. 80.44% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Louis S. Haddad bought 15,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $14.92 per share, for a total transaction of $223,800.00. Following the purchase, the chief executive officer now owns 267,221 shares in the company, valued at $3,986,937.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.59% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Tuesday, December 26th. Armada Hoffler Properties’s payout ratio is 152.00%.

About Armada Hoffler Properties

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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Earnings History and Estimates for Armada Hoffler Properties (NYSE:AHH)

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