Armada Hoffler Properties (NYSE:AHH) Releases Earnings Results, Beats Expectations By $0.03 EPS

Armada Hoffler Properties (NYSE:AHH – Get Rating) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03, Fidelity Earnings reports. Armada Hoffler Properties had a return on equity of 7.74% and a net margin of 17.03%. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Armada Hoffler Properties updated its FY 2022 guidance to $1.16-$1.20 EPS and its FY 2022 guidance to $1.16-$1.20 EPS.

Armada Hoffler Properties Price Performance

Shares of Armada Hoffler Properties stock traded down $0.07 during midday trading on Friday, reaching $13.58. The company had a trading volume of 361,211 shares, compared to its average volume of 237,457. The company has a current ratio of 12.11, a quick ratio of 9.35 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 9.41 and a beta of 0.80. The stock has a fifty day simple moving average of $13.28 and a 200 day simple moving average of $13.81. Armada Hoffler Properties has a 1-year low of $12.24 and a 1-year high of $15.80.

Armada Hoffler Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Wednesday, September 28th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.60%. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.17. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently 141.67%.

Institutional Trading of Armada Hoffler Properties

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in Armada Hoffler Properties in the 1st quarter valued at $252,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Armada Hoffler Properties in the 1st quarter valued at about $171,000. Royal Bank of Canada grew its stake in Armada Hoffler Properties by 7.6% in the 1st quarter. Royal Bank of Canada now owns 105,721 shares of the real estate investment trust’s stock valued at $1,544,000 after buying an additional 7,435 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Armada Hoffler Properties by 79.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 540,907 shares of the real estate investment trust’s stock valued at $7,897,000 after buying an additional 239,797 shares during the last quarter. Finally, Brinker Capital Investments LLC boosted its holdings in Armada Hoffler Properties by 4.9% in the 1st quarter. Brinker Capital Investments LLC now owns 51,784 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 2,420 shares during the period. Institutional investors and hedge funds own 63.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AHH shares. TheStreet upgraded Armada Hoffler Properties from a “c” rating to a “b-” rating in a report on Thursday. Jefferies Financial Group dropped their price target on shares of Armada Hoffler Properties from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.38.

About Armada Hoffler Properties

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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.