Armada Hoffler Properties (NYSE:AHH) Updates FY24 Earnings Guidance

Armada Hoffler Properties (NYSE:AHH) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.25-1.27 for the period, compared to the consensus estimate of $1.24. Armada Hoffler Properties also updated its FY 2024 guidance to 1.250-1.270 EPS.

Analyst Ratings Changes

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

Armada Hoffler Properties Trading Up 1.5 %

Shares of NYSE AHH traded up $0.16 during trading on Monday, hitting $10.91. 596,097 shares of the company traded hands, compared to its average volume of 474,271. The firm has a market capitalization of $976.85 million, a P/E ratio of -271.25 and a beta of 1.03. The company has a quick ratio of 7.49, a current ratio of 7.49 and a debt-to-equity ratio of 2.44. The company has a 50-day moving average price of $11.45 and a 200-day moving average price of $11.33. Armada Hoffler Properties has a 1 year low of $10.02 and a 1 year high of $13.11.

Armada Hoffler Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 25th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date was Wednesday, September 25th. Armada Hoffler Properties’s dividend payout ratio is presently -2,050.00%.

Insider Activity at Armada Hoffler Properties

In other news, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the transaction, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Daniel A. Hoffler purchased 95,238 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the acquisition, the director now directly owns 266,647 shares of the company’s stock, valued at approximately $2,799,793.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis H. Gartman acquired 4,500 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the acquisition, the director now owns 27,149 shares in the company, valued at $294,566.65. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.

About Armada Hoffler Properties

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.