Armada Hoffler Properties (AHH) Earning Somewhat Favorable Press Coverage, Accern Reports
Headlines about Armada Hoffler Properties (NYSE:AHH) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Armada Hoffler Properties earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 47.3934161024377 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Armada Hoffler Properties (AHH) opened at $15.59 on Wednesday. The firm has a market cap of $701.01, a P/E ratio of 15.45, a P/E/G ratio of 4.60 and a beta of 0.58. Armada Hoffler Properties has a 1-year low of $12.65 and a 1-year high of $15.75. The company has a quick ratio of 10.44, a current ratio of 10.44 and a debt-to-equity ratio of 1.13.
Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The firm had revenue of $27.10 million for the quarter, compared to analysts’ expectations of $27.06 million. Armada Hoffler Properties had a net margin of 7.78% and a return on equity of 6.36%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 earnings per share. equities analysts forecast that Armada Hoffler Properties will post 0.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Wednesday, December 27th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 26th. This represents a $0.76 annualized dividend and a yield of 4.87%. Armada Hoffler Properties’s dividend payout ratio is currently 152.00%.
AHH has been the topic of several research reports. TheStreet raised shares of Armada Hoffler Properties from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. Zacks Investment Research cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Bank of America started 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 target on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $14.00 target price on shares of Armada Hoffler Properties in a report on Thursday, September 21st. Finally, B. Riley reaffirmed a “buy” rating on shares of Armada Hoffler Properties in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $15.08.
In related news, CEO Louis S. Haddad purchased 15,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $14.92 per share, for a total transaction of $223,800.00. Following the completion of the purchase, the chief executive officer now directly owns 267,221 shares of the company’s stock, valued at approximately $3,986,937.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.59% of the company’s stock.
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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