Armada Hoffler Properties (NYSE:AHRT) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Armada Hoffler Properties (NYSE:AHRT) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02, reports. Armada Hoffler Properties had a negative return on equity of 0.79% and a negative net margin of 18.23%. The firm had revenue of $52.32 million during the quarter.

Armada Hoffler Properties Stock Up 5.7%

AHRT opened at $6.42 on Tuesday. Armada Hoffler Properties has a fifty-two week low of $5.13 and a fifty-two week high of $7.33. The business has a 50-day moving average of $6.21 and a 200-day moving average of $6.45. The company has a debt-to-equity ratio of 1.91, a current ratio of 3.10 and a quick ratio of 3.10. The company has a market capitalization of $479.24 million, a PE ratio of -10.20 and a beta of 1.09.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Armada Hoffler Properties’s dividend payout ratio is presently -88.89%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AHRT. Jefferies Financial Group upgraded Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, August 18th. Weiss Ratings lowered shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a real estate investment trust that owns, develops and manages a portfolio of multifamily, office and retail properties. The company focuses primarily on high-quality, mixed-use and urban-oriented real estate assets.

Armada Hoffler’s properties and development activities are concentrated in the Mid-Atlantic and Southeast regions of the United States, with a particular presence in markets such as Virginia, Maryland, North Carolina and South Carolina. Its portfolio includes apartment communities, office buildings, shopping centers and mixed-use projects that combine residential, commercial and retail space.

Founded in 1979, the company has historically operated as an integrated real estate business, combining property ownership and management with development and construction capabilities.