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

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 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 6.46%.

Armada Hoffler Properties has increased its dividend by an average of 8.6% per year over the last three years. Armada Hoffler Properties has a dividend payout ratio of 372.7% 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 $0.82 annual dividend with an expected future payout ratio of 74.5%.

Armada Hoffler Properties Price Performance

NYSE:AHH traded down $0.06 during trading hours on Wednesday, reaching $8.68. 921,017 shares of the company were exchanged, compared to its average volume of 705,497. The business has a 50 day moving average of $9.52 and a 200 day moving average of $10.59. Armada Hoffler Properties has a 1-year low of $8.58 and a 1-year high of $12.46. 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 company has a market capitalization of $878.95 million, a P/E ratio of 27.11 and a beta of 1.04.

Armada Hoffler Properties (NYSE:AHH) last posted its quarterly 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 return on equity of 5.96% and a net margin of 5.99%. The business had revenue of $62.95 million during the quarter, compared to the consensus estimate of $66.67 million. Research analysts forecast that Armada Hoffler Properties will post 1.05 EPS for the current year.

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 research note 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.