Armada Hoffler Properties, Inc. (NYSE:AHH) – Research analysts at B. Riley issued their FY2017 earnings per share estimates for shares of Armada Hoffler Properties in a research note issued to investors on Thursday. B. Riley analyst C. Kucera anticipates that the real estate investment trust will earn $0.99 per share for the year. B. Riley 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.
A number of other brokerages also recently weighed in on AHH. TheStreet upgraded Armada Hoffler Properties from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Bank of America Corporation initiated coverage on Armada Hoffler Properties in a research note on Wednesday, September 6th. They issued a “buy” rating and a $15.00 target price on the stock. Stifel Nicolaus restated a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a research note on Thursday, September 21st. Finally, FBR & Co restated a “buy” rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Armada Hoffler Properties has an average rating of “Buy” and a consensus price target of $14.92.
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Armada Hoffler Properties (NYSE:AHH) opened at $14.46 on Monday. Armada Hoffler Properties has a 12 month low of $12.65 and a 12 month high of $14.98. The firm has a market capitalization of $649.78, a P/E ratio of 14.32, a PEG ratio of 4.28 and a beta of 0.55. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $27.10 million during the quarter, compared to the consensus estimate of $27.06 million. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Wednesday, December 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.26%. Armada Hoffler Properties’s payout ratio is presently 152.00%.
Several large investors have recently bought and sold shares of AHH. Bank of New York Mellon Corp raised its holdings in shares of Armada Hoffler Properties by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 339,710 shares of the real estate investment trust’s stock worth $4,719,000 after purchasing an additional 10,869 shares during the period. Swiss National Bank raised its holdings in shares of Armada Hoffler Properties by 9.1% in the 1st quarter. Swiss National Bank now owns 60,000 shares of the real estate investment trust’s stock worth $833,000 after purchasing an additional 5,000 shares during the period. UBS Asset Management Americas Inc. bought a new stake in shares of Armada Hoffler Properties in the 1st quarter worth approximately $193,000. American International Group Inc. raised its holdings in shares of Armada Hoffler Properties by 7.9% in the 1st quarter. American International Group Inc. now owns 19,299 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 1,406 shares during the period. Finally, Teachers Advisors LLC raised its holdings in shares of Armada Hoffler Properties by 5.5% in the 1st quarter. Teachers Advisors LLC now owns 67,882 shares of the real estate investment trust’s stock worth $943,000 after purchasing an additional 3,559 shares during the period. 81.36% of the stock is currently owned by institutional investors.
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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