Armada Hoffler Properties (NYSE:AHRT) Issues Earnings Results, Misses Expectations By $0.21 EPS

Armada Hoffler Properties (NYSE:AHRT) released its earnings results on Monday. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.21), FiscalAI reports. Armada Hoffler Properties had a negative net margin of 22.97% and a negative return on equity of 1.32%. The company had revenue of $52.32 million during the quarter.

Armada Hoffler Properties Trading Up 2.8%

NYSE AHRT traded up $0.18 on Wednesday, hitting $6.79. The company’s stock had a trading volume of 1,283,159 shares, compared to its average volume of 1,066,383. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.91. The firm has a market cap of $506.09 million, a P/E ratio of -10.28 and a beta of 1.10. The company’s 50-day simple moving average is $6.21 and its 200 day simple moving average is $6.44. Armada Hoffler Properties has a 52-week low of $5.13 and a 52-week high of $7.33.

Armada Hoffler Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 dividend on an annualized basis and a yield of 8.3%. Armada Hoffler Properties’s dividend payout ratio is presently -88.89%.

Analysts Set New Price Targets

Several brokerages recently commented on AHRT. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a research note on Tuesday, August 18th. Weiss Ratings downgraded shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.50.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a real estate investment trust that owns, develops and manages a portfolio of multifamily, office and retail properties. The company focuses primarily on high-quality, mixed-use and urban-oriented real estate assets.

Armada Hoffler’s properties and development activities are concentrated in the Mid-Atlantic and Southeast regions of the United States, with a particular presence in markets such as Virginia, Maryland, North Carolina and South Carolina. Its portfolio includes apartment communities, office buildings, shopping centers and mixed-use projects that combine residential, commercial and retail space.

Founded in 1979, the company has historically operated as an integrated real estate business, combining property ownership and management with development and construction capabilities.