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

Armada Hoffler Properties (NYSE:AHH) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided EPS guidance of 1.250-1.270 for the period, compared to the consensus EPS 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 NYSE:AHH traded down $0.08 on Thursday, reaching $11.17. 190,090 shares of the company were exchanged, compared to its average volume of 475,167. Armada Hoffler Properties has a 1-year low of $10.02 and a 1-year high of $13.11. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44. The company has a 50-day moving average of $11.38 and a 200-day moving average of $11.34. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -280.93 and a beta of 1.03.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data 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 business had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Armada Hoffler Properties’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts forecast that Armada Hoffler Properties will post 1.25 earnings per share for the current fiscal year.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a $0.205 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 annualized dividend and a dividend yield of 7.34%. Armada Hoffler Properties’s dividend payout ratio is presently -2,049.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus upped their target price on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their target price for the company from $13.00 to $11.00 in a report on Monday, July 15th.

Insider Buying and Selling at Armada Hoffler Properties

In related news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Dennis H. Gartman acquired 4,500 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daniel A. Hoffler acquired 95,238 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were bought at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. 11.90% of the stock is owned by 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.