Armada Hoffler Properties, Inc. (NYSE:AHH) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Armada Hoffler Properties, Inc. has received a consensus recommendation of "Hold" from five analysts, with one sell, two hold, and two buy ratings.
• The company's quarterly earnings reported a net margin of 4.39% but missed analysts' expectations by $0.01 for earnings per share.
• Armada Hoffler Properties recently declared a dividend of $0.14 per share, translating to an annualized yield of 8.0%, but has a high payout ratio of 466.67%.

Shares of Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.3750.

AHH has been the subject of a number of analyst reports. Bank of America decreased their price target on Armada Hoffler Properties from $7.50 to $7.00 and set an "underperform" rating for the company in a research note on Monday, August 25th. Jefferies Financial Group started coverage on Armada Hoffler Properties in a research note on Friday, June 27th. They issued a "buy" rating and a $8.00 price target for the company. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Armada Hoffler Properties in a research note on Saturday, September 27th.

Armada Hoffler Properties Stock Down 0.4%

AHH stock traded down $0.03 during mid-day trading on Friday, reaching $7.01. The company had a trading volume of 465,067 shares, compared to its average volume of 875,368. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66. The stock has a 50 day simple moving average of $7.10 and a two-hundred day simple moving average of $7.06. The company has a market capitalization of $726.17 million, a price-to-earnings ratio of 58.38 and a beta of 1.12. Armada Hoffler Properties has a 52 week low of $6.10 and a 52 week high of $11.35.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01). The company had revenue of $65.15 million during the quarter, compared to the consensus estimate of $63.29 million. Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.40%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. As a group, equities analysts predict that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.

Armada Hoffler Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Wednesday, September 24th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Wednesday, September 24th. Armada Hoffler Properties's payout ratio is currently 466.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Armada Hoffler Properties by 61.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,036 shares of the real estate investment trust's stock worth $158,000 after acquiring an additional 7,985 shares during the period. Cerity Partners LLC boosted its stake in shares of Armada Hoffler Properties by 180.2% during the 1st quarter. Cerity Partners LLC now owns 165,747 shares of the real estate investment trust's stock worth $1,245,000 after acquiring an additional 106,588 shares during the period. Jennison Associates LLC bought a new position in shares of Armada Hoffler Properties during the 1st quarter worth approximately $647,000. Invesco Ltd. lifted its holdings in Armada Hoffler Properties by 40.2% during the 1st quarter. Invesco Ltd. now owns 1,769,541 shares of the real estate investment trust's stock worth $13,289,000 after purchasing an additional 507,502 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in Armada Hoffler Properties in the 1st quarter valued at $286,000. 66.35% of the stock is currently owned by institutional investors.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the "Company") is a vertically integrated, self-managed real estate investment trust ("REIT") 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.