Armada Hoffler Properties (AHH) Expected to Announce Earnings on Wednesday

Armada Hoffler Properties (NYSE:AHH) is projected to post its quarterly earnings results after the market closes on Wednesday, February 19th. Analysts expect Armada Hoffler Properties to post earnings of $0.06 per share and revenue of $66.67 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Armada Hoffler Properties Stock Performance

Shares of AHH opened at $9.49 on Monday. The company has a current ratio of 7.17, a quick ratio of 7.17 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $961.40 million, a price-to-earnings ratio of -45.16 and a beta of 1.03. The stock has a 50 day moving average of $10.01 and a 200 day moving average of $10.89. Armada Hoffler Properties has a 12 month low of $9.26 and a 12 month high of $12.46.

Armada Hoffler Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date of this dividend was Thursday, December 26th. Armada Hoffler Properties’s payout ratio is -390.46%.

Insiders Place Their Bets

In other news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now directly owns 31,649 shares of the company’s stock, valued at $343,391.65. This represents a 16.58 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stifel Nicolaus increased their price target on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Scotiabank assumed coverage on Armada Hoffler Properties in a research report on Tuesday, January 28th. They issued a “sector perform” rating and a $11.00 target price for the company. Finally, StockNews.com downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd.

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.