Armada Hoffler Properties (NYSE:AHRT) Issues Earnings Results, Misses Estimates By $0.29 EPS

Armada Hoffler Properties (NYSE:AHRT - Get Free Report) posted its quarterly earnings results on Monday. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.29), FiscalAI reports. Armada Hoffler Properties had a negative net margin of 6.87% and a positive return on equity of 0.89%. The firm had revenue of $40.06 million for the quarter, compared to analysts' expectations of $52.43 million. Armada Hoffler Properties updated its FY 2026 guidance to 0.510-0.550 EPS.

Armada Hoffler Properties Price Performance

Shares of AHRT traded down $0.06 during mid-day trading on Thursday, reaching $6.42. The company had a trading volume of 606,474 shares, compared to its average volume of 1,318,920. The company's 50-day moving average is $5.86 and its 200-day moving average is $6.38. Armada Hoffler Properties has a twelve month low of $5.13 and a twelve month high of $7.71. The company has a market capitalization of $665.09 million, a P/E ratio of -18.87 and a beta of 1.05. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15.

Armada Hoffler Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend was Thursday, March 26th. Armada Hoffler Properties's dividend payout ratio (DPR) is presently -164.71%.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director Frederick Blair Wimbush acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $6.19 per share, for a total transaction of $61,900.00. Following the completion of the transaction, the director directly owned 38,685 shares in the company, valued at $239,460.15. This trade represents a 34.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 11,064 shares of company stock valued at $67,644 in the last three months. Company insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Armada Hoffler Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AHRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Armada Hoffler Properties by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust's stock valued at $351,000 after buying an additional 2,015 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Armada Hoffler Properties by 7.9% in the second quarter. Daiwa Securities Group Inc. now owns 28,312 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 2,082 shares during the last quarter. Amundi lifted its holdings in Armada Hoffler Properties by 5.9% during the 1st quarter. Amundi now owns 44,107 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 2,465 shares during the last quarter. First Trust Advisors LP boosted its stake in Armada Hoffler Properties by 19.9% in the 4th quarter. First Trust Advisors LP now owns 16,806 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 2,792 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Armada Hoffler Properties by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 203,593 shares of the real estate investment trust's stock valued at $1,348,000 after buying an additional 3,453 shares in the last quarter. 66.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AHRT has been the topic of several recent research reports. Scotiabank cut their price target on Armada Hoffler Properties from $7.50 to $7.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 17th. UBS Group set a $7.50 price target on shares of Armada Hoffler Properties in a research report on Wednesday, January 14th. Zacks Research upgraded shares of Armada Hoffler Properties from a "strong sell" rating to a "hold" rating in a research report on Friday, April 17th. Finally, Stifel Nicolaus dropped their price target on shares of Armada Hoffler Properties from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $7.50.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.