Press coverage about Armada Hoffler Properties (NYSE:AHH) has trended positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Armada Hoffler Properties earned a coverage optimism score of 0.34 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Armada Hoffler Properties (AHH) opened at 12.84 on Wednesday. The firm has a market capitalization of $485.52 million, a PE ratio of 26.92 and a beta of 0.53. Armada Hoffler Properties has a one year low of $12.52 and a one year high of $15.50. The firm has a 50 day moving average of $13.38 and a 200 day moving average of $13.87.
Armada Hoffler Properties (NYSE:AHH) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $27.20 million during the quarter, compared to analysts’ expectations of $26.87 million. Armada Hoffler Properties had a return on equity of 7.69% and a net margin of 8.64%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts forecast that Armada Hoffler Properties will post $0.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Wednesday, June 28th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.92%. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 165.22%.
Several research firms have recently weighed in on AHH. FBR & Co began coverage on shares of Armada Hoffler Properties in a research report on Tuesday. They set an “outperform” rating and a $15.00 price objective for the company. BidaskClub lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Stifel Nicolaus lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and reduced their price objective for the company from $14.50 to $14.00 in a research report on Thursday, June 22nd. Finally, Zacks Investment Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.90.
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In related news, CEO Louis S. Haddad purchased 10,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was bought 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 in the company, valued at approximately $3,377,239.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 20.87% 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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