Armada Hoffler Properties, Inc. (AHH) Releases FY17 Earnings Guidance

Armada Hoffler Properties, Inc. (NYSE:AHH) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.97-0.99 for the period, compared to the Thomson Reuters consensus estimate of $0.98.

Shares of Armada Hoffler Properties, Inc. (AHH) opened at 13.04 on Friday. Armada Hoffler Properties, Inc. has a 52 week low of $12.52 and a 52 week high of $14.98. The firm’s 50 day moving average is $13.16 and its 200-day moving average is $13.58. The firm has a market cap of $818.61 million, a price-to-earnings ratio of 26.67 and a beta of 0.54.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The company had revenue of $26.76 million during the quarter, compared to analysts’ expectations of $27.18 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. Equities research analysts predict that Armada Hoffler Properties, Inc. will post $0.41 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.83%. The ex-dividend date is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.

AHH has been the subject of several research analyst reports. Stifel Nicolaus reduced their price target on shares of Armada Hoffler Properties from $15.00 to $14.50 and set a buy rating for the company in a report on Friday, May 12th. Zacks Investment Research cut shares of Armada Hoffler Properties from a hold rating to a strong sell rating in a report on Friday, June 16th. Robert W. Baird restated an outperform rating and set a $15.00 target price on shares of Armada Hoffler Properties in a report on Friday, July 14th. BidaskClub upgraded shares of Armada Hoffler Properties from a sell rating to a hold rating in a report on Wednesday, July 19th. Finally, FBR & Co restated an outperform rating and set a $15.00 target price on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $14.92.

In other news, CEO Louis S. Haddad purchased 10,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was purchased at an average price of $13.39 per share, for a total transaction of $133,900.00. Following the completion of the purchase, the chief executive officer now directly owns 252,221 shares in the company, valued at approximately $3,377,239.19. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 20.87% 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.

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

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