Armada Hoffler Properties (AHH) Set to Announce Quarterly Earnings on Thursday

Armada Hoffler Properties (NYSE:AHH) is scheduled to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Armada Hoffler Properties has set its FY 2024 guidance at 1.210-1.270 EPS and its FY24 guidance at $1.21 to $1.27 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.59). The company had revenue of $186.75 million for the quarter, compared to analyst estimates of $63.93 million. Armada Hoffler Properties had a return on equity of 1.09% and a net margin of 1.12%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, analysts expect Armada Hoffler Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Armada Hoffler Properties Stock Up 1.7 %

Shares of Armada Hoffler Properties stock opened at $11.01 on Tuesday. The company has a quick ratio of 9.55, a current ratio of 9.55 and a debt-to-equity ratio of 2.35. Armada Hoffler Properties has a 52-week low of $9.81 and a 52-week high of $13.11. The company has a market capitalization of $973.06 million, a P/E ratio of -220.16 and a beta of 0.97. The company has a 50 day moving average of $10.46 and a 200 day moving average of $11.15.

Armada Hoffler Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.45%. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently -1,639.67%.

Insider Buying and Selling

In related news, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $10.37 per share, for a total transaction of $46,665.00. Following the acquisition, the director now owns 12,005 shares in the company, valued at approximately $124,491.85. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders acquired a total of 7,129 shares of company stock worth $74,291 over the last 90 days. 11.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Armada Hoffler Properties to a “sell” rating in a report on Saturday.

About Armada Hoffler Properties

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.