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

Armada Hoffler Properties (NYSE:AHHGet Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.210-1.270 for the period, compared to the consensus EPS estimate of 1.230. The company issued revenue guidance of -. Armada Hoffler Properties also updated its FY24 guidance to $1.21-1.27 EPS.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Armada Hoffler Properties to a sell rating in a research note on Saturday, May 4th.

Read Our Latest Stock Analysis on AHH

Armada Hoffler Properties Stock Performance

Shares of AHH traded down $0.07 during mid-day trading on Friday, reaching $11.48. The company had a trading volume of 386,798 shares, compared to its average volume of 330,902. The stock has a market capitalization of $1.01 billion, a P/E ratio of 127.57 and a beta of 0.97. The stock has a 50 day moving average of $10.54 and a two-hundred day moving average of $11.17. The company has a quick ratio of 9.55, a current ratio of 9.54 and a debt-to-equity ratio of 1.89. Armada Hoffler Properties has a 52-week low of $9.81 and a 52-week high of $13.11.

Armada Hoffler Properties (NYSE:AHHGet Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.59). The business had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $63.93 million. Armada Hoffler Properties had a return on equity of 2.78% and a net margin of 2.76%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. On average, analysts expect that Armada Hoffler Properties will post 1.24 earnings per share for the current year.

Armada Hoffler Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $0.82 dividend on an annualized basis and a yield of 7.14%. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.20. Armada Hoffler Properties’s dividend payout ratio is currently 911.21%.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the completion of the transaction, the director now directly owns 12,005 shares in the company, valued at approximately $124,491.85. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have acquired 7,129 shares of company stock worth $74,291. 11.90% of the stock is owned by corporate insiders.

About Armada Hoffler Properties

(Get Free Report)

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.

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