$0.24 EPS Expected for Armada Hoffler Properties, Inc. (NYSE:AHH) This Quarter
Wall Street brokerages forecast that Armada Hoffler Properties, Inc. (NYSE:AHH) will announce earnings of $0.24 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Armada Hoffler Properties’ earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.25. Armada Hoffler Properties posted earnings per share of $0.26 in the same quarter last year, which indicates a negative year-over-year growth rate of 7.7%. The business is expected to issue its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Armada Hoffler Properties will report full year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.97 to $0.99. For the next financial year, analysts expect that the company will report earnings of $1.00 per share, with EPS estimates ranging from $0.92 to $1.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Armada Hoffler Properties.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The company had revenue of $26.76 million for the quarter, compared to analyst estimates of $27.18 million. During the same period in the prior year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year.
A number of analysts have commented on AHH shares. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Wednesday, April 12th. Stifel Nicolaus restated a “buy” rating and set a $15.00 price target (up from $14.50) on shares of Armada Hoffler Properties in a research report on Wednesday, May 3rd. ValuEngine downgraded shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub downgraded shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, FBR & Co restated an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.92.
In other Armada Hoffler Properties news, CEO Louis S. Haddad acquired 10,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were bought at an average price of $13.39 per share, with a total value of $133,900.00. Following the purchase, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at approximately $3,377,239.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 20.87% of the company’s stock.
Several institutional investors have recently made changes to their positions in AHH. State of Alaska Department of Revenue acquired a new position in shares of Armada Hoffler Properties during the second quarter valued at about $113,000. Legal & General Group Plc increased its position in Armada Hoffler Properties by 12.1% in the first quarter. Legal & General Group Plc now owns 8,958 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 967 shares during the period. Loeb Partners Corp purchased a new position in Armada Hoffler Properties during the second quarter valued at $129,000. US Bancorp DE increased its position in Armada Hoffler Properties by 15,303.0% in the second quarter. US Bancorp DE now owns 10,166 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 10,100 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Armada Hoffler Properties during the second quarter valued at $137,000. 62.36% of the stock is currently owned by institutional investors.
Shares of Armada Hoffler Properties (AHH) traded down 0.67% on Monday, reaching $13.42. 138,460 shares of the company’s stock traded hands. Armada Hoffler Properties has a 52 week low of $12.52 and a 52 week high of $14.98. The company has a 50 day moving average price of $13.33 and a 200 day moving average price of $13.66. The firm has a market capitalization of $842.47 million, a price-to-earnings ratio of 27.73 and a beta of 0.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 26th. This represents a $0.76 annualized dividend and a dividend yield of 5.66%. Armada Hoffler Properties’s dividend payout ratio is currently 158.34%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Armada Hoffler Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Armada Hoffler Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.