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

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

Armada Hoffler Properties Price Performance

Shares of AHH stock traded up $0.16 during mid-day trading on Tuesday, reaching $11.07. The stock had a trading volume of 122,045 shares, compared to its average volume of 472,608. Armada Hoffler Properties has a 12-month low of $10.02 and a 12-month high of $13.11. The company has a market cap of $991.21 million, a P/E ratio of -276.68 and a beta of 1.03. The business has a 50-day simple moving average of $11.43 and a 200 day simple moving average of $11.34. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). The company had revenue of $68.60 million for the quarter, compared to analyst estimates of $65.01 million. Armada Hoffler Properties had a net margin of 1.10% and a return on equity of 1.26%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. On average, sell-side analysts anticipate that Armada Hoffler Properties will post 1.25 earnings per share for the current year.

Armada Hoffler Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 7.41%. Armada Hoffler Properties’s payout ratio is currently -2,049.49%.

Analyst Ratings Changes

AHH has been the subject of several research reports. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus lifted their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Jefferies Financial Group lowered Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.00 to $11.00 in a research report on Monday, July 15th.

Insider Activity

In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of Armada Hoffler Properties stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis H. Gartman bought 4,500 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the completion of the transaction, the director now owns 27,149 shares in the company, valued at approximately $294,566.65. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.90% of the stock is currently owned by company insiders.

About Armada Hoffler Properties

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.