Armada Hoffler Properties (NYSE:AHRT) Issues Earnings Results

Key Points

• Armada Hoffler reported a major earnings miss, posting EPS of ($1.17) versus analysts' estimate of ($0.04) and revenue of $39.99M below the $52.43M consensus.
• The company pays a quarterly dividend of $0.14 (annualized $0.56) for a 9.4% yield, though its payout ratio is shown as -700%, reflecting the recent negative earnings.
• Shares traded down to $5.95 midday (market cap ≈ $616M), and analysts have a consensus Hold rating with a $7.70 price target amid mixed broker updates.

Armada Hoffler Properties (NYSE:AHRT - Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported ($1.17) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($1.13), FiscalAI reports. Armada Hoffler Properties had a return on equity of 0.31% and a net margin of 0.95%.The business had revenue of $39.99 million during the quarter, compared to analyst estimates of $52.43 million.

Armada Hoffler Properties Stock Performance

Shares of NYSE AHRT traded down $0.14 during midday trading on Monday, hitting $5.95. 654,089 shares of the company's stock were exchanged, compared to its average volume of 1,331,818. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15. The stock's 50 day moving average price is $5.85 and its 200-day moving average price is $6.38. The firm has a market cap of $616.37 million, a P/E ratio of -74.31 and a beta of 1.05. Armada Hoffler Properties has a twelve month low of $5.13 and a twelve month high of $7.71.

Armada Hoffler Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, March 26th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.56 annualized dividend and a dividend yield of 9.4%. Armada Hoffler Properties's payout ratio is currently -700.00%.

Analysts Set New Price Targets

A number of brokerages have commented on AHRT. Zacks Research upgraded Armada Hoffler Properties from a "strong sell" rating to a "hold" rating in a research note on Friday, April 17th. Stifel Nicolaus decreased their target price on Armada Hoffler Properties from $10.50 to $9.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. UBS Group set a $7.50 target price on Armada Hoffler Properties in a research note on Wednesday, January 14th. Finally, Scotiabank reduced their price target on shares of Armada Hoffler Properties from $7.50 to $7.00 and set a "sector perform" rating for the company in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7.70.

Insider Activity

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush acquired 10,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, March 3rd. The stock was acquired 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 owned 38,685 shares in the company, valued at approximately $239,460.15. This represents a 34.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders purchased 11,064 shares of company stock worth $67,644 in the last three months. Insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On Armada Hoffler Properties

Several hedge funds and other institutional investors have recently made changes to their positions in AHRT. Tower Research Capital LLC TRC lifted its holdings in Armada Hoffler Properties by 172.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 5,015 shares during the period. RPO LLC acquired a new stake in Armada Hoffler Properties in the fourth quarter worth about $68,000. Bank of Montreal Can acquired a new stake in Armada Hoffler Properties in the fourth quarter worth about $79,000. FourThought Financial Partners LLC acquired a new stake in Armada Hoffler Properties in the third quarter worth about $85,000. Finally, Entropy Technologies LP acquired a new stake in Armada Hoffler Properties in the fourth quarter worth about $88,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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