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

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 paid 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 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% meaning 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 Trading Down 0.6 %

Shares of NYSE AHH opened at $8.68 on Thursday. Armada Hoffler Properties has a one year low of $8.58 and a one year high of $12.46. The firm has a market capitalization of $878.95 million, a PE ratio of 27.11 and a beta of 1.04. The company has a current ratio of 8.81, a quick ratio of 7.17 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average price of $9.49 and a two-hundred day moving average price of $10.57.

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

Analyst Upgrades and Downgrades

Separately, Scotiabank lowered their price target on Armada Hoffler Properties from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research 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.