Armada Hoffler Properties Inc (NYSE:AHH) – Equities research analysts at B. Riley boosted their Q1 2020 earnings per share estimates for Armada Hoffler Properties in a research report issued on Wednesday, May 15th, Zacks Investment Research reports. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings of $0.31 per share for the quarter, up from their prior forecast of $0.30. B. Riley also issued estimates for Armada Hoffler Properties’ Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.33 EPS and FY2020 earnings at $1.25 EPS.
Armada Hoffler Properties (NYSE:AHH) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.18). The business had revenue of $30.91 million for the quarter, compared to analyst estimates of $31.00 million. Armada Hoffler Properties had a net margin of 9.66% and a return on equity of 3.96%.
Other equities analysts also recently issued reports about the company. ValuEngine upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Zacks Investment Research upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Monday, May 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $16.65.
NYSE:AHH traded up $0.10 during mid-day trading on Thursday, reaching $16.80. The stock had a trading volume of 105,043 shares, compared to its average volume of 159,464. The company has a market capitalization of $880.66 million, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 3.63 and a beta of 0.50. Armada Hoffler Properties has a 1-year low of $13.53 and a 1-year high of $16.89. The company has a debt-to-equity ratio of 1.63, a quick ratio of 13.03 and a current ratio of 13.03.
A number of large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC lifted its holdings in Armada Hoffler Properties by 418.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,717 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 5,422 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Armada Hoffler Properties by 498.2% in the first quarter. BNP Paribas Arbitrage SA now owns 10,115 shares of the real estate investment trust’s stock worth $158,000 after acquiring an additional 8,424 shares during the last quarter. Laurion Capital Management LP bought a new position in Armada Hoffler Properties in the first quarter worth about $173,000. Crossmark Global Holdings Inc. bought a new position in Armada Hoffler Properties in the fourth quarter worth about $179,000. Finally, Starr International Co. Inc. bought a new position in Armada Hoffler Properties in the first quarter worth about $188,000. Institutional investors and hedge funds own 83.56% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.84 dividend on an annualized basis and a yield of 5.00%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 81.55%.
Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust (“REIT”) with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.