Armada Hoffler Properties (AHH) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Armada Hoffler Properties (NYSE:AHH) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $28.93 million for the quarter, compared to analyst estimates of $29.38 million. Armada Hoffler Properties had a return on equity of 5.24% and a net margin of 9.85%. Armada Hoffler Properties updated its FY 2018 guidance to $1.00-1.03 EPS.

Armada Hoffler Properties stock traded down $0.30 during mid-day trading on Wednesday, reaching $15.18. The company had a trading volume of 5,350 shares, compared to its average volume of 234,524. Armada Hoffler Properties has a fifty-two week low of $12.73 and a fifty-two week high of $16.17. The company has a debt-to-equity ratio of 1.27, a current ratio of 12.60 and a quick ratio of 12.60. The firm has a market capitalization of $733.38 million, a P/E ratio of 15.32, a P/E/G ratio of 3.48 and a beta of 0.48.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Wednesday, September 26th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 25th. This represents a $0.80 dividend on an annualized basis and a yield of 5.27%. Armada Hoffler Properties’s dividend payout ratio is currently 80.81%.



Several analysts recently issued reports on AHH shares. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. DA Davidson set a $18.00 price target on shares of Armada Hoffler Properties and gave the stock a “buy” rating in a research report on Thursday, July 5th. Stifel Nicolaus raised their target price on shares of Armada Hoffler Properties from $13.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday, August 1st. B. Riley raised their target price on shares of Armada Hoffler Properties from $15.50 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, Bank of America raised their target price on shares of Armada Hoffler Properties from $15.50 to $16.75 and gave the company a “buy” rating in a research report on Monday, August 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.45.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly 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.

Further Reading: The Role of a Fiduciary and Individual Investors

Earnings History for Armada Hoffler Properties (NYSE:AHH)

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