Equities research analysts expect Armada Hoffler Properties, Inc. (NYSE:AHH) to announce sales of $27.26 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Armada Hoffler Properties’ earnings. The highest sales estimate is $28.34 million and the lowest is $26.81 million. Armada Hoffler Properties reported sales of $25.31 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Armada Hoffler Properties will report full year sales of $27.26 million for the current financial year, with estimates ranging from $107.66 million to $112.25 million. For the next fiscal year, analysts forecast that the company will report sales of $115.47 million per share, with estimates ranging from $107.99 million to $122.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Armada Hoffler Properties.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $26.76 million for the quarter, compared to analysts’ expectations of $27.18 million. Armada Hoffler Properties had a net margin of 8.04% and a return on equity of 7.02%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share.

Several research analysts recently commented on AHH shares. Stifel Nicolaus reissued a “buy” rating and issued a $15.00 price objective (up from $14.50) on shares of Armada Hoffler Properties in a research note on Wednesday, May 3rd. Zacks Investment Research raised Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, April 12th. BidaskClub raised Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research note on Tuesday. ValuEngine downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.92.

Shares of Armada Hoffler Properties (AHH) opened at 13.34 on Wednesday. Armada Hoffler Properties has a 52-week low of $12.52 and a 52-week high of $14.98. The stock’s 50 day moving average is $13.25 and its 200 day moving average is $13.65. The company has a market cap of $837.45 million, a PE ratio of 27.56 and a beta of 0.54.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.

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In related news, CEO Louis S. Haddad bought 10,000 shares of the business’s stock in a transaction on Friday, June 23rd. The stock was acquired at an average cost of $13.39 per share, with a total value of $133,900.00. Following the purchase, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at $3,377,239.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 20.87% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Armada Hoffler Properties by 0.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,035 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 87 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Armada Hoffler Properties by 0.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 28,556 shares of the real estate investment trust’s stock worth $416,000 after buying an additional 223 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Armada Hoffler Properties by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 10,738 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 252 shares during the period. California Public Employees Retirement System increased its stake in shares of Armada Hoffler Properties by 0.3% in the first quarter. California Public Employees Retirement System now owns 117,800 shares of the real estate investment trust’s stock worth $1,636,000 after buying an additional 400 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Armada Hoffler Properties by 4.4% in the first quarter. IFP Advisors Inc now owns 17,638 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 741 shares during the period. 62.36% of the stock is owned by institutional investors and hedge funds.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.

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Earnings History and Estimates for Armada Hoffler Properties (NYSE:AHH)

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