Armada Hoffler Properties (NYSE:AHH) Issues FY 2024 Earnings Guidance

Armada Hoffler Properties (NYSE:AHH) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share guidance of 1.250-1.270 for the period, compared to the consensus earnings per share estimate of 1.250. The company issued revenue guidance of -. Armada Hoffler Properties also updated its FY24 guidance to $1.25-1.27 EPS.

Wall Street Analysts Forecast Growth

AHH has been the topic of several research reports. StockNews.com lowered shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating and cut their price objective for the company from $13.00 to $11.00 in a research note on Monday, July 15th. Finally, Stifel Nicolaus lowered their price target on shares of Armada Hoffler Properties from $12.75 to $12.50 and set a “buy” rating for the company in a report on Friday, September 27th.

Armada Hoffler Properties Stock Performance

Shares of NYSE:AHH traded up $0.16 during trading on Monday, hitting $10.91. The company’s stock had a trading volume of 596,097 shares, compared to its average volume of 474,272. The company has a 50-day moving average of $11.45 and a 200-day moving average of $11.33. Armada Hoffler Properties has a 12 month low of $10.02 and a 12 month high of $13.11. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49. The firm has a market cap of $976.85 million, a price-to-earnings ratio of -272.75 and a beta of 1.03.

Armada Hoffler Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 25th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 7.52%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s payout ratio is currently -2,050.00%.

Insider Activity

In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Daniel A. Hoffler acquired 95,238 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the acquisition, the director now directly owns 266,647 shares of the company’s stock, valued at $2,799,793.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis H. Gartman bought 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now directly owns 27,149 shares of the company’s stock, valued at $294,566.65. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

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.