Armada Hoffler Properties (NYSE:AHH) Updates FY 2024 Earnings Guidance

Armada Hoffler Properties (NYSE:AHH) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.250-1.270 for the period, compared to the consensus earnings per share estimate of 1.250. The company issued revenue guidance of -. Armada Hoffler Properties also updated its FY24 guidance to $1.25-1.27 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $13.00 to $11.00 in a research report on Monday, July 15th. Stifel Nicolaus raised their price objective on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday. Finally, StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock traded up $0.16 during midday trading on Tuesday, hitting $11.07. 122,045 shares of the company were exchanged, compared to its average volume of 472,608. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The firm has a market cap of $991.21 million, a P/E ratio of -276.68 and a beta of 1.03. Armada Hoffler Properties has a 52 week low of $10.02 and a 52 week high of $13.11. The firm has a 50 day simple moving average of $11.43 and a 200-day simple moving average of $11.34.

Armada Hoffler Properties (NYSE:AHH) last posted its earnings results on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.42). Armada Hoffler Properties had a return on equity of 1.26% and a net margin of 1.10%. The company had revenue of $68.60 million for the quarter, compared to the consensus estimate of $65.01 million. During the same quarter last year, the business earned $0.31 EPS. Armada Hoffler Properties’s quarterly revenue was up 9.1% compared to the same quarter last year. Research analysts forecast that Armada Hoffler Properties will post 1.25 earnings per share for the current year.

Armada Hoffler Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were given a $0.205 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 annualized dividend and a yield of 7.41%. Armada Hoffler Properties’s payout ratio is -2,049.49%.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now owns 27,149 shares of the company’s stock, valued at approximately $294,566.65. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Daniel A. Hoffler acquired 95,238 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the purchase, the director now directly owns 266,647 shares in the company, valued at approximately $2,799,793.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now owns 27,149 shares of the company’s stock, valued at $294,566.65. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (the “Company”) is a vertically integrated, self-managed real estate investment trust (“REIT”) with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.