Armada Hoffler Properties, Inc. (AHH) Set to Announce Earnings on Monday
Armada Hoffler Properties, Inc. (NYSE:AHH) is scheduled to post its quarterly earnings results before the market opens on Monday, October 30th. Analysts expect Armada Hoffler Properties to post earnings of $0.08 per share for the quarter. Armada Hoffler Properties has set its FY17 guidance at $0.97-0.99 EPS.
Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, meeting the Zacks’ 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 analysts’ expectations of $27.18 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Armada Hoffler Properties’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts expect Armada Hoffler Properties to post $0.98 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Armada Hoffler Properties, Inc. (NYSE:AHH) opened at 14.17 on Monday. Armada Hoffler Properties, Inc. has a 52-week low of $12.65 and a 52-week high of $14.98. The firm has a 50-day moving average of $13.83 and a 200-day moving average of $13.58. The firm has a market cap of $889.55 million, a PE ratio of 28.98 and a beta of 0.54.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.36%. The ex-dividend date was Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 158.34%.
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Several analysts have commented on AHH shares. ValuEngine cut Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. FBR & Co restated an “outperform” rating and issued a $15.00 price target on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. Robert W. Baird restated an “outperform” rating and issued a $15.00 price target on shares of Armada Hoffler Properties in a report on Friday, July 14th. Finally, Zacks Investment Research raised Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Armada Hoffler Properties currently has a consensus rating of “Hold” and a consensus target price of $14.70.
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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