Armada Hoffler Properties, Inc. (NYSE:AHH) Declares $0.14 Quarterly Dividend

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Wednesday, March 26th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, April 3rd. This represents a $0.56 annualized dividend and a yield of 7.28%. The ex-dividend date of this dividend is Wednesday, March 26th.

Armada Hoffler Properties has raised its dividend by an average of 8.6% per year over the last three years. Armada Hoffler Properties has a payout ratio of 372.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 $0.82 annual dividend with an expected future payout ratio of 74.5%.

Armada Hoffler Properties Stock Down 11.6 %

Armada Hoffler Properties stock opened at $7.70 on Friday. The firm has a market cap of $779.66 million, a price-to-earnings ratio of 24.05 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. Armada Hoffler Properties has a fifty-two week low of $7.61 and a fifty-two week high of $12.46. The firm has a fifty day moving average price of $9.49 and a two-hundred day moving average price of $10.57.

Armada Hoffler Properties (NYSE:AHH) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.06 by $0.21. Armada Hoffler Properties had a net margin of 5.99% and a return on equity of 5.96%. The business had revenue of $62.95 million for the quarter, compared to analysts’ expectations of $66.67 million. As a group, analysts forecast that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Scotiabank cut their price objective on shares of Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a 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.