Armada Hoffler Properties (AHH) Issues Quarterly Earnings Results

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Armada Hoffler Properties (NYSE:AHH) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $28.93 million during the quarter, compared to the consensus estimate of $29.38 million. Armada Hoffler Properties had a return on equity of 4.41% and a net margin of 9.20%. Armada Hoffler Properties updated its FY 2018 guidance to $1.00-1.03 EPS.

Armada Hoffler Properties stock opened at $14.98 on Thursday. The company has a quick ratio of 12.60, a current ratio of 10.24 and a debt-to-equity ratio of 1.42. Armada Hoffler Properties has a fifty-two week low of $12.73 and a fifty-two week high of $16.17. The company has a market cap of $756.85 million, a PE ratio of 16.13, a P/E/G ratio of 3.56 and a beta of 0.48.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Wednesday, September 26th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend was Tuesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is presently 80.81%.

Several analysts have issued reports on the stock. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Stifel Nicolaus raised their price objective on shares of Armada Hoffler Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Bank of America raised their price objective on shares of Armada Hoffler Properties from $15.50 to $16.75 and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, B. Riley raised their price objective on shares of Armada Hoffler Properties from $15.50 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.45.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly 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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Earnings History for Armada Hoffler Properties (NYSE:AHH)

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