Armada Hoffler Properties (AHH) Set to Announce Quarterly Earnings on Thursday

Armada Hoffler Properties (NYSE:AHH) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Armada Hoffler Properties to post earnings of $0.31 per share for the quarter. Armada Hoffler Properties has set its FY 2024 guidance at 1.210-1.270 EPS and its FY24 guidance at $1.21 to $1.27 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.59). The firm had revenue of $186.75 million for the quarter, compared to the consensus estimate of $63.93 million. Armada Hoffler Properties had a net margin of 1.12% and a return on equity of 1.09%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts expect Armada Hoffler Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Armada Hoffler Properties Stock Up 0.9 %

Shares of NYSE AHH opened at $10.61 on Thursday. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11. The firm has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $11.14. The company has a market cap of $937.71 million, a P/E ratio of -212.16 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a current ratio of 9.55 and a quick ratio of 9.55.

Armada Hoffler Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid a dividend of $0.205 per share. This is a positive change from Armada Hoffler Properties’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date of this dividend was Tuesday, March 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is currently -1,639.67%.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Dennis H. Gartman bought 4,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $10.37 per share, for a total transaction of $46,665.00. Following the completion of the transaction, the director now owns 12,005 shares in the company, valued at $124,491.85. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired 7,129 shares of company stock valued at $74,291 in the last quarter. 11.90% of the stock is owned by insiders.

About Armada Hoffler Properties

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.