Armada Hoffler Properties Inc (AHH) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.26 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.23. The company posted revenue of $24.30 million in the period, compared to analysts expectations of $23.83 million. The company’s revenue was up 22.1% compared to the same quarter last year.
Many Wall Street Analysts have commented on Armada Hoffler Properties Inc. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $11.50 .
Armada Hoffler Properties Inc opened for trading at $14.81 and hit $15.09 on the upside on Friday, eventually ending the session at $14.97, with a gain of 0.47% or 0.07 points. The heightened volatility saw the trading volume jump to 5,63,522 shares. Company has a market cap of $469 M.
In a different news, on Sep 2, 2015, A Russell Kirk (director) purchased 25,000 shares at $9.65 per share price. According to the SEC, on Aug 11, 2015, Louis S Haddad (CEO) purchased 25,000 shares at $10.12 per share price.
Armada Hoffler Properties Inc. is a real estate company engaged in developing building owning and managing institutional-grade office retail and multifamily properties in markets across the Mid-Atlantic United States. The Company operates through four segments: office real estate retail real estate multifamily residential real estate and general contracting and real estate services. The Company provides general contracting services to third parties. The Company constructs and develops mid and high-rise office buildings retail strip malls and retail power centers multifamily apartment communities hotels and conference centers single and multi-tenant industrial distribution and manufacturing facilities educational medical and special purpose facilities government projects parking garages and mixed-use town centers in Virginia and North Carolina.