Media headlines about Armada Hoffler Properties (NYSE:AHH) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. 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 news sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.9140802470572 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of NYSE AHH traded up $0.18 during midday trading on Monday, reaching $13.67. 46,932 shares of the company’s stock traded hands, compared to its average volume of 314,144. The company has a debt-to-equity ratio of 1.23, a quick ratio of 9.59 and a current ratio of 9.59. Armada Hoffler Properties has a one year low of $12.65 and a one year high of $16.00. The company has a market cap of $608.40, a PE ratio of 13.80, a P/E/G ratio of 3.19 and a beta of 0.49.
Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.15). Armada Hoffler Properties had a net margin of 8.42% and a return on equity of 6.23%. The business had revenue of $27.65 million for the quarter, compared to the consensus estimate of $27.44 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Armada Hoffler Properties’s revenue for the quarter was up 4.3% on a year-over-year basis. analysts forecast that Armada Hoffler Properties will post 1.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Wednesday, March 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.85%. This is an increase from Armada Hoffler Properties’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Tuesday, March 27th. Armada Hoffler Properties’s dividend payout ratio (DPR) is 80.81%.
A number of equities analysts have commented on AHH shares. TheStreet downgraded shares of Armada Hoffler Properties from a “b” rating to a “c+” rating in a research note on Friday, January 5th. Raymond James Financial restated a “market perform” rating on shares of Armada Hoffler Properties in a research note on Monday, January 8th. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. Finally, Citigroup downgraded shares of Armada Hoffler Properties to a “market perform” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $15.20.
In other news, CEO Louis S. Haddad bought 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was bought at an average cost of $13.17 per share, for a total transaction of $197,550.00. Following the completion of the purchase, the chief executive officer now directly owns 282,221 shares in the company, valued at $3,716,850.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 16.59% of the stock is owned by company insiders.
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About Armada Hoffler Properties
Armada Hoffler Properties, Inc (NYSE:AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
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