Armada Hoffler Properties (AHH) Receiving Somewhat Positive Press Coverage, Analysis Finds
News stories about Armada Hoffler Properties (NYSE:AHH) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Armada Hoffler Properties earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 44.6930397826848 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Armada Hoffler Properties (NYSE:AHH) remained flat at $13.61 during trading on Friday. The company’s stock had a trading volume of 239,327 shares. Armada Hoffler Properties has a 52 week low of $12.52 and a 52 week high of $14.98. The firm has a 50 day moving average of $13.38 and a 200 day moving average of $13.52. The stock has a market cap of $854.40 million, a PE ratio of 27.83 and a beta of 0.54.
Armada Hoffler Properties (NYSE:AHH) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The business had revenue of $26.76 million for the quarter, compared to analysts’ expectations of $27.18 million. During the same quarter in the prior year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts anticipate that Armada Hoffler Properties will post $0.41 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors 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 yield of 5.58%. The ex-dividend date is Tuesday, September 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 158.34%.
Several brokerages recently weighed in on AHH. Stifel Nicolaus reaffirmed a “hold” rating and set a $14.00 price objective on shares of Armada Hoffler Properties in a research report on Thursday. Bank of America Corporation began coverage on shares of Armada Hoffler Properties in a research report on Wednesday, September 6th. They set a “buy” rating and a $15.00 price objective on the stock. BidaskClub lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.93.
About Armada Hoffler Properties
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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