Armada Hoffler Properties, Inc. (NYSE:AHH) Plans $0.21 Quarterly Dividend

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Tuesday, September 10th, Zacks reports. Investors of record on Wednesday, September 25th will be paid a dividend of 0.205 per share by the real estate investment trust on Thursday, October 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Wednesday, September 25th.

Armada Hoffler Properties has raised its dividend payment by an average of 43.9% per year over the last three years. Armada Hoffler Properties has a dividend payout ratio of 264.5% 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 $1.20 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 68.3%.

Armada Hoffler Properties Price Performance

AHH traded up $0.14 during midday trading on Thursday, hitting $11.87. The stock had a trading volume of 52,160 shares, compared to its average volume of 419,625. The company has a market cap of $1.05 billion, a P/E ratio of 130.22 and a beta of 1.04. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11. The business has a fifty day moving average of $11.71 and a 200 day moving average of $11.11. The company has a debt-to-equity ratio of 2.44, a quick ratio of 7.49 and a current ratio of 7.49.

Insider Buying and Selling

In other Armada Hoffler Properties news, Director Dennis H. Gartman purchased 4,500 shares of the stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of $11.09 per share, with a total value of $49,905.00. Following the transaction, the director now directly owns 21,486 shares of the company’s stock, valued at approximately $238,279.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AHH has been the topic of several analyst reports. Jefferies Financial Group downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $13.00 to $11.00 in a report on Monday, July 15th. Stifel Nicolaus initiated coverage on Armada Hoffler Properties in a research report on Monday, July 15th. They set a “buy” rating and a $12.75 price target on the stock. Finally, StockNews.com cut Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.