B. Riley Comments on Armada Hoffler Properties Inc’s Q1 2019 Earnings (AHH)

Armada Hoffler Properties Inc (NYSE:AHH) – Equities researchers at B. Riley dropped their Q1 2019 earnings per share estimates for Armada Hoffler Properties in a research report issued to clients and investors on Wednesday, October 31st. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will earn $0.28 per share for the quarter, down from their prior estimate of $0.29. B. Riley has a “Buy” rating and a $16.50 price target on the stock. B. Riley also issued estimates for Armada Hoffler Properties’ Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.31 EPS and FY2019 earnings at $1.18 EPS.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $28.93 million for the quarter, compared to the consensus estimate of $29.38 million. Armada Hoffler Properties had a return on equity of 4.41% and a net margin of 9.20%.

A number of other equities research analysts have also recently issued reports on AHH. ValuEngine cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Bank of America increased their target price on shares of Armada Hoffler Properties from $15.50 to $16.75 and gave the stock a “buy” rating in a research report on Monday, August 13th. Stifel Nicolaus increased their target price on shares of Armada Hoffler Properties from $13.00 to $14.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Finally, DA Davidson set a $18.00 target price on shares of Armada Hoffler Properties and gave the stock a “buy” rating in a research report on Thursday, July 5th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.45.

Shares of NYSE:AHH traded down $0.13 during midday trading on Friday, reaching $14.87. 3,805 shares of the company’s stock were exchanged, compared to its average volume of 233,889. The company has a market capitalization of $756.85 million, a price-to-earnings ratio of 15.01, a PEG ratio of 3.56 and a beta of 0.48. Armada Hoffler Properties has a 12 month low of $12.73 and a 12 month high of $16.17. The company has a debt-to-equity ratio of 1.42, a quick ratio of 12.60 and a current ratio of 10.24.

A number of institutional investors and hedge funds have recently bought and sold shares of AHH. BlackRock Inc. boosted its stake in shares of Armada Hoffler Properties by 4.0% in the 2nd quarter. BlackRock Inc. now owns 6,691,158 shares of the real estate investment trust’s stock valued at $99,698,000 after purchasing an additional 254,843 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Armada Hoffler Properties by 16.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,646,600 shares of the real estate investment trust’s stock valued at $39,434,000 after purchasing an additional 373,400 shares during the last quarter. FMR LLC boosted its stake in shares of Armada Hoffler Properties by 10.7% in the 2nd quarter. FMR LLC now owns 2,227,994 shares of the real estate investment trust’s stock valued at $33,198,000 after purchasing an additional 216,100 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Armada Hoffler Properties by 12.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,133,275 shares of the real estate investment trust’s stock valued at $16,886,000 after purchasing an additional 123,066 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Armada Hoffler Properties by 11.9% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 984,991 shares of the real estate investment trust’s stock valued at $14,676,000 after purchasing an additional 104,491 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with nearly four decades of experience developing, building, acquiring and managing high-quality, institutional-grade office, retail and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

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Earnings History and Estimates for Armada Hoffler Properties (NYSE:AHH)

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