Armada Hoffler Properties, Inc. Plans 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 7.29%. The ex-dividend date of this dividend is Wednesday, March 26th.

Armada Hoffler Properties has increased 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. Equities 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 $0.56 annual dividend with an expected future payout ratio of 50.9%.

Armada Hoffler Properties Stock Performance

AHH opened at $7.69 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 8.81 and a quick ratio of 7.17. The firm has a fifty day moving average price of $9.18 and a 200 day moving average price of $10.34. Armada Hoffler Properties has a 1 year low of $7.47 and a 1 year high of $12.46. The stock 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 posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.27 earnings per share (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 firm had revenue of $62.95 million during the quarter, compared to analysts’ expectations of $66.67 million. Equities research analysts anticipate that Armada Hoffler Properties will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director A Russell Kirk bought 30,000 shares of Armada Hoffler Properties stock in a transaction dated 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 completion of the transaction, the director now directly owns 49,430 shares of the company’s stock, valued at approximately $377,645.20. This represents a 154.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank decreased 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.