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

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Investors 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 dividend yield of 6.46%.

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 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. Research 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 Performance

Shares of NYSE AHH opened at $8.68 on Thursday. The company’s fifty day moving average price is $9.49 and its 200 day moving average price is $10.57. Armada Hoffler Properties has a 1 year low of $8.58 and a 1 year high of $12.46. The company has a market capitalization of $878.95 million, a PE ratio of 27.11 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $66.67 million. On average, research analysts predict that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

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.

About Armada Hoffler Properties

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.