Armada Hoffler Properties, Inc. (AHH) Issues FY17 Earnings Guidance
Armada Hoffler Properties, Inc. (NYSE:AHH) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $0.98-1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.98.
Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Armada Hoffler Properties from a sell rating to a hold rating in a report on Wednesday, July 19th. Stifel Nicolaus reiterated a hold rating and set a $14.00 price objective on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a strong sell rating to a hold rating in a report on Wednesday, July 19th. FBR & Co reiterated an outperform rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Tuesday, July 11th. Finally, Robert W. Baird reiterated an outperform rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $14.70.
Armada Hoffler Properties, Inc. (NYSE AHH) traded up 0.28% on Tuesday, reaching $14.16. 43,186 shares of the company traded hands. Armada Hoffler Properties, Inc. has a 52-week low of $12.65 and a 52-week high of $14.98. The stock has a market capitalization of $888.92 million, a price-to-earnings ratio of 28.96 and a beta of 0.54. The firm has a 50 day moving average price of $13.91 and a 200 day moving average price of $13.57.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.17. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The company had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. During the same period in the previous year, the company earned $0.26 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that Armada Hoffler Properties, Inc. will post $0.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, September 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.38%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.
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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