Armada Hoffler Properties (AHH) Posts Quarterly Earnings Results

Armada Hoffler Properties (NYSE:AHH) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.23), MarketWatch Earnings reports. Armada Hoffler Properties had a net margin of 9.55% and a return on equity of 4.12%. The firm had revenue of $30.73 million during the quarter, compared to analyst estimates of $30.11 million. Armada Hoffler Properties updated its FY 2019 guidance to $1.11-1.17 EPS.

Armada Hoffler Properties stock opened at $15.19 on Friday. Armada Hoffler Properties has a 1 year low of $12.77 and a 1 year high of $16.17. The company has a current ratio of 13.01, a quick ratio of 10.24 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $753.88 million, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.85 and a beta of 0.57.

AHH has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, January 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Armada Hoffler Properties presently has an average rating of “Buy” and an average target price of $16.25.



In other news, CEO Louis S. Haddad acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was purchased at an average price of $14.82 per share, with a total value of $222,300.00. Following the purchase, the chief executive officer now owns 299,363 shares of the company’s stock, valued at approximately $4,436,559.66. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 14.40% of the company’s stock.

Several large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Armada Hoffler Properties by 3.8% during the 4th quarter. BlackRock Inc. now owns 7,448,888 shares of the real estate investment trust’s stock valued at $104,730,000 after buying an additional 271,333 shares during the period. Vanguard Group Inc. boosted its stake in shares of Armada Hoffler Properties by 5.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,992,269 shares of the real estate investment trust’s stock valued at $75,433,000 after buying an additional 247,103 shares during the period. Vanguard Group Inc boosted its stake in shares of Armada Hoffler Properties by 5.2% during the 3rd quarter. Vanguard Group Inc now owns 4,992,269 shares of the real estate investment trust’s stock valued at $75,433,000 after buying an additional 247,103 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Armada Hoffler Properties by 19.8% during the 3rd quarter. Renaissance Technologies LLC now owns 3,170,761 shares of the real estate investment trust’s stock valued at $47,910,000 after buying an additional 524,161 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of Armada Hoffler Properties by 0.3% during the 3rd quarter. Alliancebernstein L.P. now owns 2,440,183 shares of the real estate investment trust’s stock valued at $36,871,000 after buying an additional 7,705 shares during the period. 83.04% of the stock is owned by institutional investors.

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About Armada Hoffler Properties

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.

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Earnings History for Armada Hoffler Properties (NYSE:AHH)

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