DA Davidson Weighs in on Armada Hoffler Properties, Inc.’s FY2017 Earnings (AHH)
Armada Hoffler Properties, Inc. (NYSE:AHH) – Analysts at DA Davidson upped their FY2017 earnings estimates for Armada Hoffler Properties in a research report issued on Wednesday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings of $0.99 per share for the year, up from their prior estimate of $0.97. DA Davidson also issued estimates for Armada Hoffler Properties’ Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.03 EPS.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $27.10 million during the quarter, compared to the consensus estimate of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. Armada Hoffler Properties’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. ILLEGAL ACTIVITY NOTICE: “DA Davidson Weighs in on Armada Hoffler Properties, Inc.’s FY2017 Earnings (AHH)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/08/da-davidson-weighs-in-on-armada-hoffler-properties-inc-s-fy2017-earnings-ahh.html.
Several other equities analysts have also recently commented on AHH. FBR & Co restated an “outperform” rating and set a $15.00 target price on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. Robert W. Baird reaffirmed an “outperform” rating and set a $15.00 price target on shares of Armada Hoffler Properties in a research note on Friday, July 14th. Zacks Investment Research raised Armada Hoffler Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub raised Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Bank of America Corporation began coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They set a “buy” rating and a $15.00 target price on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $14.92.
Armada Hoffler Properties (NYSE AHH) opened at $14.83 on Monday. Armada Hoffler Properties has a 12-month low of $12.65 and a 12-month high of $14.98. The company has a current ratio of 10.44, a quick ratio of 10.44 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $658.32, a PE ratio of 14.51, a PEG ratio of 4.33 and a beta of 0.55.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AHH. Thrivent Financial For Lutherans acquired a new position in shares of Armada Hoffler Properties during the 2nd quarter worth about $12,753,000. Vanguard Group Inc. lifted its holdings in Armada Hoffler Properties by 18.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,283,105 shares of the real estate investment trust’s stock worth $68,416,000 after buying an additional 839,457 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in Armada Hoffler Properties during the 2nd quarter worth approximately $9,746,000. State Street Corp lifted its holdings in Armada Hoffler Properties by 50.9% during the 2nd quarter. State Street Corp now owns 1,072,561 shares of the real estate investment trust’s stock worth $13,888,000 after buying an additional 361,582 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Armada Hoffler Properties by 12.7% during the 2nd quarter. Alliancebernstein L.P. now owns 2,757,981 shares of the real estate investment trust’s stock worth $35,716,000 after buying an additional 311,360 shares in the last quarter. Hedge funds and other institutional investors own 81.36% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be given a $0.19 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.12%. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 152.00%.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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