Armada Hoffler Properties, Inc. (AHH) to Issue Quarterly Dividend of $0.14 on April 3rd

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Stockholders of record on Wednesday, March 26th will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, April 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date is Wednesday, March 26th.

Armada Hoffler Properties has raised its dividend payment by an average of 8.6% annually over the last three years. Armada Hoffler Properties has a dividend payout ratio of 430.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Armada Hoffler Properties to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 50.9%.

Armada Hoffler Properties Stock Down 1.2 %

Shares of Armada Hoffler Properties stock opened at $7.69 on Monday. The firm’s 50 day moving average price is $9.18 and its 200-day moving average price is $10.34. The company has a quick ratio of 7.17, a current ratio of 8.81 and a debt-to-equity ratio of 1.56. Armada Hoffler Properties has a 52-week low of $7.47 and a 52-week high of $12.46. The company has a market cap of $778.64 million, a P/E ratio of 24.02 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. The company had revenue of $62.95 million for the quarter, compared to the consensus estimate of $66.67 million. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. On average, sell-side analysts predict that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk acquired 30,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of $7.64 per share, for a total transaction of $229,200.00. Following the purchase, the director now owns 49,430 shares in the company, valued at approximately $377,645.20. The trade was a 154.40 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their target price on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th.

Armada Hoffler Properties Company Profile

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.