Armada Hoffler Properties (AHH) Getting Very Positive Media Coverage, AlphaOne Reports

Armada Hoffler Properties (AHH) Getting Very Positive Media Coverage, AlphaOne Reports

Shares of Armada Hoffler Properties (NYSE:AHH) opened at 13.21 on Thursday. Armada Hoffler Properties has a 1-year low of $12.03 and a 1-year high of $15.50. The stock’s 50 day moving average price is $13.72 and its 200-day moving average price is $13.99. The company has a market capitalization of $499.51 million, a PE ratio of 27.69 and a beta of 0.55.

News headlines about Armada Hoffler Properties (NYSE:AHH) have trended very positive recently, Alpha One Sentiment Analysis reports. Alpha One, a service of Accern, ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Armada Hoffler Properties earned a media sentiment score of 0.69 on Alpha One’s scale. Alpha One also assigned headlines about the real estate investment trust an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $27.20 million during the quarter, compared to analyst estimates of $26.87 million. Armada Hoffler Properties had a return on equity of 15.02% and a net margin of 16.55%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts predict that Armada Hoffler Properties will post $0.41 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 6th. Shareholders of record on Wednesday, June 28th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Monday, June 26th. Armada Hoffler Properties’s dividend payout ratio (DPR) is presently 82.76%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, April 12th. Stifel Nicolaus reiterated a “buy” rating and set a $15.00 target price (up from $14.50) on shares of Armada Hoffler Properties in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Armada Hoffler Properties currently has an average rating of “Buy” and an average target price of $15.00.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AHH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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