Armada Hoffler Properties (NYSE:AHH) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $1.15-1.19 for the period.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Armada Hoffler Properties from a buy rating to a hold rating in a research note on Wednesday, July 3rd. ValuEngine cut Armada Hoffler Properties from a buy rating to a hold rating in a research note on Thursday, June 27th. Finally, DA Davidson reissued a buy rating on shares of Armada Hoffler Properties in a research note on Tuesday, July 30th.
Shares of AHH traded up $0.17 during mid-day trading on Friday, reaching $17.19. 227,429 shares of the company’s stock traded hands, compared to its average volume of 258,078. The stock has a market capitalization of $892.17 million, a PE ratio of 16.69, a P/E/G ratio of 3.29 and a beta of 0.46. The firm’s 50-day moving average is $16.84. Armada Hoffler Properties has a 12 month low of $13.53 and a 12 month high of $17.50. The company has a debt-to-equity ratio of 1.66, a quick ratio of 13.03 and a current ratio of 12.83.
Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.21). The business had revenue of $36.38 million for the quarter, compared to the consensus estimate of $34.01 million. Armada Hoffler Properties had a net margin of 10.16% and a return on equity of 4.03%. As a group, equities research analysts forecast that Armada Hoffler Properties will post 1.15 EPS for the current year.
In other Armada Hoffler Properties news, insider Michael P. O’hara bought 6,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average price of $25.00 per share, with a total value of $150,000.00. Following the completion of the purchase, the insider now owns 6,000 shares in the company, valued at approximately $150,000. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Cherry bought 5,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $125,000.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $125,000. The disclosure for this purchase can be found here. Corporate insiders own 13.30% of the company’s stock.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with 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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