Armada Hoffler Properties, Inc. (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States. In addition to developing and building properties for its own account, the Company also provides development and general contracting construction services to third-party clients. Founded in 1979 by Daniel A. Hoffler, the Company has elected to be taxed as a REIT for U.S. federal income tax purposes.
IPO Year: 2013
Exchange: NYSE
Website: armadahoffler.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2024 | $13.00 → $11.00 | Buy → Hold | Jefferies |
| 7/15/2024 | $12.75 | Buy | Stifel |
| 10/25/2021 | $14.00 → $13.50 | Neutral → Underperform | BofA Securities |
| 9/22/2021 | $15.00 | Buy | Stifel |
| 7/23/2021 | $15.00 | Buy | Jefferies |
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
424B5 - Armada Hoffler Properties, Inc. (0001569187) (Filer)
10-Q - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
8-K - Armada Hoffler Properties, Inc. (0001569187) (Filer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
4 - Armada Hoffler Properties, Inc. (0001569187) (Issuer)
VIRGINIA BEACH, Va., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler's (NYSE:AHH) Board of Directors announces that Shawn Tibbetts, the Company's President and Chief Operating Officer, has been named Chief Executive Officer beginning January 1, 2025. Current CEO Lou Haddad will retire at the end of 2024 but will retain the role of Executive Chairman of the Company's Board of Directors. Additionally, the Board of Directors expects to appoint Tibbetts to the Board of Directors upon his elevation to Chief Executive Officer. Tibbetts, who has served as the Company's Chief Operating Officer since 2019 and was elevated to President earlier this year as part of a deliberate and thorough success
GAAP Net Loss of $10.4 million Normalized FFO of $0.35 Per Diluted Share Office Same Store NOI Growth of 6.1% (GAAP)Positive Office Renewal Spreads of 18.5% (GAAP) and 0.8% (Cash)Office Occupancy Increased to 94.7% Positive Retail Renewal Spreads of 13.1% (GAAP) and 7.8% (Cash)Retail Occupancy Increased to 96.2% Positive Tradeouts on Multifamily Renewals of 1.8% Narrowed 2024 Full-Year Normalized FFO Guidance Range of $1.25 to $1.27 Per Diluted Share VIRGINIA BEACH, Va., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today announced its results for the quarter ended September 30, 2024 and provided an update on current events and earnings guidance. Third
VIRGINIA BEACH, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced changes to the timing of the previously announced release of its third quarter 2024 financial results and the associated teleconference. The company will now report its earnings for the quarter ending September 30, 2024 at approximately 4:00 p.m. Eastern on Monday, November 4, 2024. At 8:30 a.m. Eastern on Tuesday, November 5, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800 549 8228 (toll-free dial-in number) or (+1) 646 564 2877 (toll dial-in number). The conference ID is 73360. The conference call will
VIRGINIA BEACH, Va., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending September 30, 2024 at approximately 4:00 p.m. Eastern on Tuesday, November 5, 2024. At 8:30 a.m. Eastern on Wednesday, November 6, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800 549 8228 (toll-free dial-in number) or (+1) 646 564 2877 (toll dial-in number). The conference ID is 73360. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusion o
VIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) today announced that it has priced an underwritten public offering of 9,000,000 shares of its common stock for total gross proceeds (before underwriters' discounts and commissions and offering expenses) of approximately $94.5 million. The offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares at the public offering price, less the underwriting commissions. The Company intends to use the net proceeds from the offering to repay (A) the loan secured by Chronicle Mill,
VIRGINIA BEACH, Va., Sept. 25, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) today announced that it has commenced an underwritten public offering of 7,000,000 shares of its common stock. The Company also has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its common stock. The Company intends to use the net proceeds from the offering to repay (A) the loan secured by Chronicle Mill, (B) the loan secured by Premier, (C) the loan secured by Market at Mill Creek and (D) amounts outstanding under the Company's revolving credit facility, with any remaining net proceeds being used for general corporate purposes and working capital. Jefferies, B
VIRGINIA BEACH, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The third quarter dividend will be paid in cash on October 3, 2024, to stockholders of record on September 25, 2024. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on October 15, 2024, to stockholders of record on October 1, 2024. About Armada Hoffler Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring
GAAP Net Income of $0.4 million Normalized FFO of $0.34 Per Diluted Share Office Same Store NOI Growth of 9.0% (GAAP) and 7.7% (Cash); Positive Office Renewal Spreads of 24.3% (GAAP) and 4.4% (Cash)Office Occupancy Increased to 94.3% Positive Renewal Spreads on Retail Leases of 5.8% (GAAP) and 2.9% (Cash) Positive Tradeouts on Multifamily Renewals of 4.3% Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share VIRGINIA BEACH, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today announced its results for the quarter ended June 30, 2024 and provided an update on current events and earnings guidance. S
VIRGINIA BEACH, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announces that Stifel Financial Corp. (NYSE:SF), a premier wealth management and investment banking firm, has leased 35,000 square feet of prime office space within the prestigious Wills Wharf building, located within their mixed-use Harbor Point community on the Baltimore waterfront. The Company's over one million square feet of office space at Harbor Point is 98% leased; representing the continued demand for companies to locate their workforce in vibrant mixed-use communities. Stifel's decision to establish a presence at Wills Wharf underscores Harbor Point's reputation as the premier mixed-use destinatio
VIRGINIA BEACH, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending June 30, 2024 at approximately 4:00 p.m. Eastern on Wednesday, August 7, 2024. At 8:30 a.m. Eastern on Thursday, August 8, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800-549-8228 (toll-free dial-in number) or (+1) 646-564-2877 (toll dial-in number). The conference ID is 76550. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusion of the cal
Jefferies downgraded Armada Hoffler Properties from Buy to Hold and set a new price target of $11.00 from $13.00 previously
Stifel resumed coverage of Armada Hoffler Properties with a rating of Buy and set a new price target of $12.75
BofA Securities downgraded Armada Hoffler Properties from Neutral to Underperform and set a new price target of $13.50 from $14.00 previously
Stifel initiated coverage of Armada Hoffler Properties with a rating of Buy and set a new price target of $15.00
Jefferies initiated coverage of Armada Hoffler Properties with a rating of Buy and set a new price target of $15.00
DA Davidson upgraded Armada Hoffler Properties from Neutral to Buy and set a new price target of $16.00
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VIRGINIA BEACH, Va., March 25, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that F. Blair Wimbush has been appointed to the Company's Board of Directors, effective immediately. "We are thrilled to welcome Blair to our esteemed Board of Directors," stated Lou Haddad, Chief Executive Officer at Armada Hoffler. "His wealth of experience and profound insights align perfectly with our strategic vision. Blair's addition enhances our collective expertise, ensuring our continued growth and success. We eagerly anticipate the invaluable contributions he will undoubtedly bring to our organization." A veteran of the transportation industry, Wimbush dedicated 35 years to Norfolk Sou
VIRGINIA BEACH, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler's (NYSE:AHH) Board of Directors announces that Shawn Tibbetts, the Company's Chief Operating Officer, has been named President. Tibbetts has served as the Chief Operating Officer of the Company since joining in 2019 and plays an integral role in its growth and success. Upon the expected retirement of Louis Haddad as CEO in the spring of 2025, the Company's Board of Directors, having undertaken a deliberate and thorough succession planning process over the last several years, expects to appoint Tibbetts as Chief Executive Officer. As President and Chief Operating Officer, Tibbetts will continue to oversee all aspects of
VIRGINIA BEACH, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced changes to the timing of the previously announced release of its third quarter 2024 financial results and the associated teleconference. The company will now report its earnings for the quarter ending September 30, 2024 at approximately 4:00 p.m. Eastern on Monday, November 4, 2024. At 8:30 a.m. Eastern on Tuesday, November 5, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800 549 8228 (toll-free dial-in number) or (+1) 646 564 2877 (toll dial-in number). The conference ID is 73360. The conference call will
VIRGINIA BEACH, Va., Sept. 27, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending September 30, 2024 at approximately 4:00 p.m. Eastern on Tuesday, November 5, 2024. At 8:30 a.m. Eastern on Wednesday, November 6, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800 549 8228 (toll-free dial-in number) or (+1) 646 564 2877 (toll dial-in number). The conference ID is 73360. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusion o
VIRGINIA BEACH, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The third quarter dividend will be paid in cash on October 3, 2024, to stockholders of record on September 25, 2024. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on October 15, 2024, to stockholders of record on October 1, 2024. About Armada Hoffler Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring
GAAP Net Income of $0.4 million Normalized FFO of $0.34 Per Diluted Share Office Same Store NOI Growth of 9.0% (GAAP) and 7.7% (Cash); Positive Office Renewal Spreads of 24.3% (GAAP) and 4.4% (Cash)Office Occupancy Increased to 94.3% Positive Renewal Spreads on Retail Leases of 5.8% (GAAP) and 2.9% (Cash) Positive Tradeouts on Multifamily Renewals of 4.3% Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share VIRGINIA BEACH, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today announced its results for the quarter ended June 30, 2024 and provided an update on current events and earnings guidance. S
VIRGINIA BEACH, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending June 30, 2024 at approximately 4:00 p.m. Eastern on Wednesday, August 7, 2024. At 8:30 a.m. Eastern on Thursday, August 8, 2024, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 800-549-8228 (toll-free dial-in number) or (+1) 646-564-2877 (toll dial-in number). The conference ID is 76550. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusion of the cal
VIRGINIA BEACH, Va., June 13, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) announced that its Board of Directors declared the cash dividend of $0.205 per common share. The second quarter dividend will be paid in cash on July 5, 2024, to stockholders of record on June 26, 2024. The Board of Directors also declared a cash dividend of $0.421875 per share on its 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock payable on July 15, 2024, to stockholders of record on July 1, 2024. About Armada Hoffler Armada Hoffler is a vertically integrated, self-managed real estate investment trust ("REIT") with over four decades of experience developing, building, acquiring, and mana
Net Income of $0.17 Per Diluted Share Normalized FFO of $0.33 Per Diluted Share Multifamily Same Store NOI Growth of 2.6% (GAAP) and 2.5% (Cash) Positive Renewal Spreads on Commercial Leases of 11.5% (GAAP) and 3.7% (Cash) Maintained 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 Per Diluted Share VIRGINIA BEACH, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today announced its results for the quarter ended March 31, 2024 and provided an update on current events and earnings guidance. First Quarter and Recent Highlights: Net income attributable to common stockholders and OP Unit holders of $14.8 million, or $0.17 per diluted share,
VIRGINIA BEACH, Va., March 28, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler (NYSE:AHH) will report its earnings for the quarter ending March 31, 2024 at approximately 6:00 a.m. Eastern on Thursday, May 9, 2024. At 8:30 a.m. Eastern on the same day, senior management will host a conference call and webcast to discuss earnings and other information. To listen to the call, dial (+1) 888-259-6580 (toll-free dial-in number) or (+1) 416-764-8624 (toll dial-in number). The conference ID is 56300446. The conference call will also be available through the investors page of the Company's website, ArmadaHoffler.com. A telephonic replay will be available shortly after the conclusion of the call through S
VIRGINIA BEACH, Va., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) announced the income tax treatment of its 2023 dividend distributions to holders of shares of the Company's common stock and preferred stock. This information represents final income allocations as they will be reported on Form 1099-DIV. The tax information provided should not be construed as tax advice. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company's distributions. Beginning in 2018, ordinary taxable income per share of common stock and preferred stock is equal to the 199A dividend that was created by the 2017 Tax Cu
Net Loss of $0.27 per Diluted Share for the Fourth Quarterand $0.05 per Diluted Share for the Full Year Normalized FFO of $0.31 per Diluted Share for the Fourth Quarterand $1.24 per Diluted Share for the Full Year Announced 5% Increase in the Quarterly Cash Dividend on Common Stock Dividends Declared During the Year Represent a 7.6% Year-Over-Year Increase Introduced 2024 Full-Year Normalized FFO Guidance Range of $1.21 to $1.27 per Diluted Share VIRGINIA BEACH, Va., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Armada Hoffler Properties, Inc. (NYSE:AHH) today announced its results for the quarter and year ended December 31, 2023 and provided an update on current events. Highlights i
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Martijn Rats downgraded the rating for BP p.l.c. (NYSE:BP) from Overweight to Equal-Weight, while lowering the price target from $49.9 to $41.5. BP shares gained 0.4% to close at $35.19 on Friday. See how other analysts view this stock. RBC Capital analyst Ashish Sabadra downgraded Cintas Corporation (NASDAQ:CTAS) from Outperform to Sector Perform and announced a price target of $725. Cintas shares rose 0.8% to close at $721.76 on Friday. See how other analysts v
Stifel analyst Simon Yarmak reinstates Armada Hoffler Properties (NYSE:AHH) with a Buy and announces $12.75 price target.
Jefferies analyst Peter Abramowitz downgrades Armada Hoffler Properties (NYSE:AHH) from Buy to Hold and lowers the price target from $13 to $11.
Although U.S. stocks closed mostly lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Lions Gate Entertainment The Trade: Lions Gate Entertainment Corp. (NYSE:LGF) 10% owner Steven T Mnuchin acquired a
Outlook The Company maintained its 2024 full-year Normalized FFO guidance range at the Company's previous guidance range of $1.21 to $1.27 per diluted share. The following table updates the Company's assumptions underpinning its full-year guidance. The Company's executive management will provide further details regarding its 2024 earnings guidance during today's webcast and conference call. Full-year 2024 Guidance [1][2] Expected Ranges Portfolio NOI $166.6M $171.0M Construction Segment Gross Profit $12.8M $14.3M G&A Expenses $18.8M $18.2M Interest Income $17.3M $17.9M Adjusted Interest Expense[3] $59.4M
Armada Hoffler Properties (NYSE:AHH) reported quarterly FFO of $0.33 per share which beat the analyst consensus estimate of $0.31 by 6.45 percent. This is a 10 percent increase over FFO of $0.30 per share from the same period last year. The company reported quarterly rental income of $61.88 million which beat the analyst consensus estimate of $60.74 million by 1.88 percent. This is a 10.07 percent increase over $56.22 million the same period last year.
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Deluxe The Trade: Deluxe Corporation (NYSE:DLX) President and CEO Barry C McCarthy acquired a total of 2,666 shares an aver
Armada Hoffler Properties (NYSE:AHH) reported quarterly normalized FFO of $0.31 per share. This is a 11.43 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly rental revenue of $59.84 million which missed the analyst consensus estimate of $63.80 million by 6.20 percent. This is a 7.45 percent increase over sales of $55.69 million the same period last year.
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