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

Armada Hoffler Properties (NYSE:AHH - Get Free Report) 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.

Armada Hoffler Properties Trading Up 1.5 %

Shares of AHH traded up $0.16 on Monday, reaching $10.91. 596,275 shares of the company's stock were exchanged, compared to its average volume of 474,272. The business has a 50 day moving average price of $11.45 and a two-hundred day moving average price of $11.33. Armada Hoffler Properties has a 12 month low of $10.02 and a 12 month high of $13.11. The stock has a market capitalization of $976.85 million, a P/E ratio of -272.75 and a beta of 1.03. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44.

Armada Hoffler Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.52%. Armada Hoffler Properties's payout ratio is -2,050.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AHH. Stifel Nicolaus cut their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a "buy" rating on the stock in a report on Friday, September 27th. StockNews.com downgraded shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group cut shares of Armada Hoffler Properties from a "buy" rating to a "hold" rating and reduced their target price for the stock from $13.00 to $11.00 in a report on Monday, July 15th.

Insider Activity at Armada Hoffler Properties

In other news, Director Daniel A. Hoffler bought 95,238 shares of the stock in a transaction dated Thursday, September 26th. The shares were bought at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the completion of the purchase, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Armada Hoffler Properties news, Director Daniel A. Hoffler bought 95,238 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the transaction, the director now directly owns 266,647 shares in the company, valued at approximately $2,799,793.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis H. Gartman purchased 4,500 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average price of $10.85 per share, with a total value of $48,825.00. Following the completion of the transaction, the director now 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. 11.90% of the stock is owned by company insiders.

Armada Hoffler Properties Company Profile

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.

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