Armada Hoffler Properties (NYSE:AHH) Releases Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Armada Hoffler Properties reported an EPS of $0.25, missing analysts' expectations by $0.01, with a net margin of 3.24%.
• The company has updated its FY 2025 guidance to an EPS range of 1.000-1.100.
• Armada Hoffler Properties recently declared a quarterly dividend of $0.14 per share, resulting in an annualized dividend yield of 8.3%.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.01), Zacks reports. Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.21%. The firm had revenue of $65.15 million during the quarter, compared to the consensus estimate of $63.29 million. Armada Hoffler Properties updated its FY 2025 guidance to 1.000-1.100 EPS.

Armada Hoffler Properties Price Performance

NYSE:AHH traded up $0.06 during mid-day trading on Friday, reaching $6.99. The stock had a trading volume of 295,538 shares, compared to its average volume of 952,417. The stock has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $7.63. The stock has a market capitalization of $707.72 million, a PE ratio of 58.21 and a beta of 1.12. The company has a debt-to-equity ratio of 1.79, a current ratio of 8.66 and a quick ratio of 12.47. Armada Hoffler Properties has a 12 month low of $6.10 and a 12 month high of $12.46.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Monday, June 30th. Armada Hoffler Properties's dividend payout ratio (DPR) is 466.67%.

Institutional Trading of Armada Hoffler Properties

A number of hedge funds and other institutional investors have recently modified their holdings of AHH. Amundi grew its stake in shares of Armada Hoffler Properties by 5.9% during the first quarter. Amundi now owns 44,107 shares of the real estate investment trust's stock worth $305,000 after buying an additional 2,465 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Armada Hoffler Properties by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust's stock worth $351,000 after purchasing an additional 2,015 shares during the period. Jane Street Group LLC lifted its holdings in shares of Armada Hoffler Properties by 268.6% during the first quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust's stock worth $540,000 after purchasing an additional 52,397 shares during the period. Finally, Strs Ohio acquired a new position in shares of Armada Hoffler Properties during the first quarter worth $111,000. Institutional investors own 66.35% of the company's stock.

Analyst Ratings Changes

AHH has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their target price on shares of Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Scotiabank cut their target price on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group initiated coverage on shares of Armada Hoffler Properties in a research report on Friday, June 27th. They set a "buy" rating and a $8.00 price objective for the company.

Armada Hoffler Properties Company Profile

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.