Armada Hoffler Properties Inc (NYSE:AHH) – Equities researchers at B. Riley increased their Q1 2020 earnings per share (EPS) estimates for shares of Armada Hoffler Properties in a research note issued to investors on Wednesday, May 15th. B. Riley analyst C. Kucera now anticipates that the real estate investment trust will earn $0.31 per share for the quarter, up from their prior forecast of $0.30. B. Riley also issued estimates for Armada Hoffler Properties’ Q2 2020 earnings at $0.31 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.33 EPS and FY2020 earnings at $1.25 EPS.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.18). The firm had revenue of $30.91 million during the quarter, compared to analyst estimates of $31.00 million. Armada Hoffler Properties had a return on equity of 3.96% and a net margin of 9.66%.
AHH has been the topic of several other research reports. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Monday, May 6th. ValuEngine raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.65.
Shares of AHH opened at $16.44 on Thursday. The company has a market capitalization of $861.79 million, a PE ratio of 15.96, a PEG ratio of 3.72 and a beta of 0.54. Armada Hoffler Properties has a 52 week low of $13.49 and a 52 week high of $16.59. The company has a quick ratio of 13.03, a current ratio of 13.03 and a debt-to-equity ratio of 1.63.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of Armada Hoffler Properties by 39.7% in the 1st quarter. Morgan Stanley now owns 247,009 shares of the real estate investment trust’s stock worth $3,851,000 after buying an additional 70,161 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of Armada Hoffler Properties by 75.7% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 27,339 shares of the real estate investment trust’s stock worth $500,000 after buying an additional 11,780 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Armada Hoffler Properties by 9.4% in the 1st quarter. Macquarie Group Ltd. now owns 1,848,431 shares of the real estate investment trust’s stock worth $28,818,000 after buying an additional 159,327 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Armada Hoffler Properties by 30.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 288,631 shares of the real estate investment trust’s stock worth $4,500,000 after buying an additional 67,347 shares in the last quarter. Finally, Oxford Asset Management LLP raised its stake in shares of Armada Hoffler Properties by 29.0% in the 1st quarter. Oxford Asset Management LLP now owns 69,855 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 15,692 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors.
In related news, CEO Louis S. Haddad purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $15.31 per share, with a total value of $229,650.00. Following the acquisition, the chief executive officer now owns 320,530 shares in the company, valued at approximately $4,907,314.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 13.30% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Tuesday, June 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 81.55%.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with 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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