Armada Hoffler Properties (NYSE:AHH - Get Free Report) updated its FY24 earnings guidance on Monday. 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.
Shares of AHH traded up $0.16 during mid-day trading on Monday, reaching $10.91. The company's stock had a trading volume of 596,097 shares, compared to its average volume of 474,271. The company's 50 day moving average is $11.45 and its 200 day moving average is $11.33. The stock has a market cap of $976.85 million, a PE ratio of -271.25 and a beta of 1.03. Armada Hoffler Properties has a 12-month low of $10.02 and a 12-month high of $13.11. The company has a debt-to-equity ratio of 2.44, a current ratio of 7.49 and a quick ratio of 7.49.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 25th were given a $0.205 dividend. The ex-dividend date was Wednesday, September 25th. This represents a $0.82 dividend on an annualized basis and a yield of 7.52%. Armada Hoffler Properties's dividend payout ratio (DPR) is presently -2,050.00%.
Several research firms recently commented on AHH. Jefferies Financial Group downgraded shares of Armada Hoffler Properties from a "buy" rating to a "hold" rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Monday, July 15th. Stifel Nicolaus decreased their price target on Armada Hoffler Properties from $12.75 to $12.50 and set a "buy" rating for the company in a report on Friday, September 27th. Finally, StockNews.com cut shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd.
Read Our Latest Stock Analysis on AHH
In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of the business's stock in a transaction on Wednesday, October 2nd. The stock was purchased at an average price of $10.85 per share, for a total transaction 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. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Daniel A. Hoffler purchased 95,238 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $10.50 per share, with a total value of $999,999.00. Following the purchase, the director now directly owns 266,647 shares of the company's stock, valued at $2,799,793.50. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis H. Gartman acquired 4,500 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average cost of $10.85 per share, with a total value of $48,825.00. Following the completion of the purchase, the director now directly 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. Insiders own 11.90% of the company's stock.
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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