Armada Hoffler Properties (NYSE:AHH) Announces Quarterly Earnings Results

Armada Hoffler Properties (NYSE:AHH – Get Rating) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03, Fidelity Earnings reports. Armada Hoffler Properties had a net margin of 17.03% and a return on equity of 7.74%. During the same period in the previous year, the company posted $0.29 EPS. 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 Stock Performance

NYSE:AHH opened at $13.58 on Friday. The company has a quick ratio of 9.35, a current ratio of 12.11 and a debt-to-equity ratio of 1.27. Armada Hoffler Properties has a fifty-two week low of $12.24 and a fifty-two week high of $15.80. The stock has a market cap of $1.19 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 9.41 and a beta of 0.80. The firm’s fifty day simple moving average is $13.28 and its 200-day simple moving average is $13.81.

Armada Hoffler Properties Increases Dividend

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

Analyst Ratings Changes

AHH has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective 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. TheStreet raised shares of Armada Hoffler Properties from a “c” rating to a “b-” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.38.

Institutional Investors Weigh In On Armada Hoffler Properties

Several institutional investors and hedge funds have recently made changes to their positions in AHH. Federated Hermes Inc. purchased a new stake in shares of Armada Hoffler Properties in the 1st quarter worth about $35,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Armada Hoffler Properties in the 1st quarter worth about $171,000. First Trust Advisors LP boosted its position in shares of Armada Hoffler Properties by 11.1% in the 1st quarter. First Trust Advisors LP now owns 13,644 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 1,366 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Armada Hoffler Properties in the 1st quarter worth about $252,000. Finally, MetLife Investment Management LLC boosted its position in shares of Armada Hoffler Properties by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 32,480 shares of the real estate investment trust’s stock worth $474,000 after buying an additional 11,581 shares in the last quarter. 63.17% of the stock is currently owned by hedge funds and other institutional investors.

Armada Hoffler Properties Company Profile

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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.