Armada Hoffler Properties, Inc. (AHH) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Armada Hoffler Properties, Inc. (NYSE:AHH) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01, Bloomberg Earnings reports. Armada Hoffler Properties had a return on equity of 6.36% and a net margin of 7.78%. The firm had revenue of $27.10 million during the quarter, compared to analyst estimates of $27.06 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Armada Hoffler Properties updated its FY17 guidance to $0.98-1.00 EPS.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Wednesday, September 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 5.33%. Armada Hoffler Properties’s dividend payout ratio (DPR) is 152.00%.
Several analysts have recently commented on the company. BidaskClub upgraded Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. TheStreet upgraded Armada Hoffler Properties from a “c+” rating to a “b” rating in a report on Tuesday. 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 Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, FBR & Co restated an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research note on Tuesday, July 11th. One 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 stock. Armada Hoffler Properties presently has an average rating of “Hold” and an average target price of $14.70.
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.
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