Armada Hoffler Properties Inc (NYSE:AHH) – Stock analysts at B. Riley cut their Q1 2018 earnings estimates for shares of Armada Hoffler Properties in a research note issued to investors on Wednesday. B. Riley analyst C. Kucera now expects that the real estate investment trust will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Armada Hoffler Properties’ Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.04 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.30 EPS and FY2019 earnings at $1.09 EPS.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.09 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.15). Armada Hoffler Properties had a net margin of 8.42% and a return on equity of 6.23%. The firm had revenue of $27.65 million for the quarter, compared to the consensus estimate of $27.44 million. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis.
Armada Hoffler Properties (AHH) opened at $13.00 on Thursday. Armada Hoffler Properties has a 52-week low of $12.65 and a 52-week high of $16.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 10.44 and a current ratio of 9.59. The stock has a market cap of $576.09, a PE ratio of 26.18, a P/E/G ratio of 3.68 and a beta of 0.46.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Armada Hoffler Properties during the third quarter valued at about $117,000. Teachers Retirement System of The State of Kentucky grew its holdings in Armada Hoffler Properties by 83.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 9,900 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 4,500 shares during the period. Park Avenue Securities LLC purchased a new stake in Armada Hoffler Properties in the fourth quarter worth about $158,000. Raymond James Trust N.A. purchased a new stake in Armada Hoffler Properties in the third quarter worth about $163,000. Finally, Aperio Group LLC purchased a new stake in Armada Hoffler Properties in the third quarter worth about $166,000. Institutional investors own 81.76% of the company’s stock.
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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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