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.
A number of analysts have recently weighed in on the stock. FBR & Co reaffirmed a buy rating on shares of Armada Hoffler Properties in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of Armada Hoffler Properties from a hold rating to a buy rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Armada Hoffler Properties from a hold rating to a sell rating in a report on Monday, October 9th. Stifel Nicolaus reiterated a hold rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Finally, BidaskClub downgraded shares of Armada Hoffler Properties from a buy rating to a hold rating in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $14.70.
Armada Hoffler Properties, Inc. (AHH) traded down 0.28% during mid-day trading on Wednesday, hitting $14.23. 84,989 shares of the company were exchanged. Armada Hoffler Properties, Inc. has a 12-month low of $12.65 and a 12-month high of $14.98. The company has a 50 day moving average of $13.93 and a 200 day moving average of $13.57. The stock has a market cap of $893.32 million, a P/E ratio of 29.10 and a beta of 0.54.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $27.10 million for the quarter, compared to analyst estimates of $27.06 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. On average, equities research analysts expect that Armada Hoffler Properties, Inc. will post $0.41 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Wednesday, September 27th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.
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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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