Armada Hoffler Properties Inc (NYSE:AHH) – Analysts at B. Riley decreased their Q3 2018 EPS estimates for Armada Hoffler Properties in a research note issued on Thursday, October 4th. B. Riley analyst C. Kucera now expects that the real estate investment trust will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.32. B. Riley has a “Buy” rating and a $16.50 price objective on the stock. B. Riley also issued estimates for Armada Hoffler Properties’ Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.02 EPS.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, July 18th. DA Davidson set a $18.00 target price on shares of Armada Hoffler Properties and gave the company a “buy” rating in a report on Thursday, July 5th. 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 report on Monday, August 13th. ValuEngine raised shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, 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 report on Wednesday, August 1st. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.45.
Shares of AHH opened at $14.77 on Monday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 1.27. Armada Hoffler Properties has a 1 year low of $12.73 and a 1 year high of $16.17. The company has a market cap of $738.76 million, a price-to-earnings ratio of 14.92, a P/E/G ratio of 3.13 and a beta of 0.48.
Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Tuesday, July 31st. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Armada Hoffler Properties had a net margin of 9.85% and a return on equity of 5.24%. The business had revenue of $28.60 million during the quarter, compared to analyst estimates of $29.10 million.
Several hedge funds have recently bought and sold shares of AHH. Piedmont Investment Advisors LLC purchased a new position in shares of Armada Hoffler Properties in the second quarter valued at $162,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Armada Hoffler Properties during the second quarter worth $202,000. Nisa Investment Advisors LLC purchased a new position in Armada Hoffler Properties during the second quarter worth $206,000. Raymond James & Associates purchased a new position in Armada Hoffler Properties during the second quarter worth $224,000. Finally, United Services Automobile Association boosted its stake in Armada Hoffler Properties by 30.1% during the second quarter. United Services Automobile Association now owns 15,930 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 3,690 shares during the period. 81.91% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Investors of record on Wednesday, September 26th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date was Tuesday, September 25th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 80.81%.
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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