Armada Hoffler Properties (NYSE:AHRT) Posts Earnings Results, Beats Expectations By $0.02 EPS

Armada Hoffler Properties (NYSE:AHRT) announced its earnings results on Monday. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02, Zacks reports. Armada Hoffler Properties had a negative return on equity of 0.79% and a negative net margin of 18.23%. The business had revenue of $52.32 million during the quarter.

Armada Hoffler Properties Price Performance

Shares of NYSE AHRT traded up $0.34 during midday trading on Monday, hitting $6.42. The stock had a trading volume of 1,674,148 shares, compared to its average volume of 1,063,836. The company has a market capitalization of $479.24 million, a PE ratio of -10.20 and a beta of 1.10. The stock has a 50 day simple moving average of $6.21 and a 200-day simple moving average of $6.45. Armada Hoffler Properties has a 1 year low of $5.13 and a 1 year high of $7.33. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.91.

Armada Hoffler Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.7%. The ex-dividend date was Wednesday, September 30th. Armada Hoffler Properties’s dividend payout ratio (DPR) is -88.89%.

Analysts Set New Price Targets

Several brokerages recently commented on AHRT. Weiss Ratings lowered shares of Armada Hoffler Properties from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Jefferies Financial Group raised shares of Armada Hoffler Properties to a “strong-buy” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.50.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a real estate investment trust that owns, develops and manages a portfolio of multifamily, office and retail properties. The company focuses primarily on high-quality, mixed-use and urban-oriented real estate assets.

Armada Hoffler’s properties and development activities are concentrated in the Mid-Atlantic and Southeast regions of the United States, with a particular presence in markets such as Virginia, Maryland, North Carolina and South Carolina. Its portfolio includes apartment communities, office buildings, shopping centers and mixed-use projects that combine residential, commercial and retail space.

Founded in 1979, the company has historically operated as an integrated real estate business, combining property ownership and management with development and construction capabilities.