Armada Hoffler Properties Inc (AHH) to Post FY2019 Earnings of $1.16 Per Share, B. Riley Forecasts

Armada Hoffler Properties Inc (NYSE:AHH) – Investment analysts at B. Riley lowered their FY2019 earnings per share estimates for Armada Hoffler Properties in a note issued to investors on Friday, February 8th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will post earnings per share of $1.16 for the year, down from their prior forecast of $1.18. B. Riley also issued estimates for Armada Hoffler Properties’ Q4 2019 earnings at $0.29 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.30 EPS, Q3 2020 earnings at $0.29 EPS, Q4 2020 earnings at $0.32 EPS and FY2020 earnings at $1.22 EPS.

A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, January 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $16.25.

NYSE:AHH opened at $15.43 on Monday. The company has a quick ratio of 10.24, a current ratio of 13.01 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $753.85 million, a PE ratio of 14.96, a PEG ratio of 2.85 and a beta of 0.57. Armada Hoffler Properties has a 1-year low of $12.77 and a 1-year high of $16.17.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Thursday, February 7th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.23). The firm had revenue of $30.73 million during the quarter, compared to analyst estimates of $30.11 million. Armada Hoffler Properties had a net margin of 9.55% and a return on equity of 4.12%.

A number of hedge funds have recently modified their holdings of AHH. Renaissance Technologies LLC increased its position in shares of Armada Hoffler Properties by 19.8% in the third quarter. Renaissance Technologies LLC now owns 3,170,761 shares of the real estate investment trust’s stock worth $47,910,000 after acquiring an additional 524,161 shares in the last quarter. BlackRock Inc. increased its position in shares of Armada Hoffler Properties by 7.3% in the third quarter. BlackRock Inc. now owns 7,177,555 shares of the real estate investment trust’s stock worth $108,453,000 after acquiring an additional 486,397 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Armada Hoffler Properties by 26.6% in the third quarter. Macquarie Group Ltd. now owns 1,434,909 shares of the real estate investment trust’s stock worth $21,681,000 after acquiring an additional 301,634 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Armada Hoffler Properties by 5.2% in the third quarter. Vanguard Group Inc. now owns 4,992,269 shares of the real estate investment trust’s stock worth $75,433,000 after acquiring an additional 247,103 shares in the last quarter. Finally, Vanguard Group Inc increased its position in shares of Armada Hoffler Properties by 5.2% in the third quarter. Vanguard Group Inc now owns 4,992,269 shares of the real estate investment trust’s stock worth $75,433,000 after acquiring an additional 247,103 shares in the last quarter. 83.39% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Louis S. Haddad purchased 15,000 shares of the company’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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.40% of the company’s stock.

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 and Estimates for Armada Hoffler Properties (NYSE:AHH)

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