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

Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Shareholders of record on Thursday, December 26th will be paid a dividend of 0.205 per share by the real estate investment trust on Thursday, January 2nd. This represents a $0.82 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Thursday, December 26th.

Armada Hoffler Properties has increased its dividend by an average of 43.9% annually over the last three years. Armada Hoffler Properties has a payout ratio of 546.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Armada Hoffler Properties to earn $1.12 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 73.2%.

Armada Hoffler Properties Stock Performance

NYSE AHH opened at $10.83 on Wednesday. The company has a fifty day moving average price of $11.00 and a 200-day moving average price of $11.32. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -51.57 and a beta of 1.03. The company has a debt-to-equity ratio of 2.00, a current ratio of 7.17 and a quick ratio of 7.17. Armada Hoffler Properties has a 1 year low of $10.02 and a 1 year high of $13.09.

Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.42). Armada Hoffler Properties had a negative return on equity of 1.18% and a negative net margin of 1.01%. The firm had revenue of $68.60 million during the quarter, compared to the consensus estimate of $65.01 million. During the same period in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, equities research analysts predict that Armada Hoffler Properties will post 1.27 EPS for the current fiscal year.

Insider Activity

In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average cost of $10.50 per share, with a total value of $999,999.00. Following the acquisition, the director now owns 266,647 shares in the company, valued at approximately $2,799,793.50. This represents a 55.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the acquisition, the director now directly owns 27,149 shares in the company, valued at approximately $294,566.65. This trade represents a 19.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 104,238 shares of company stock valued at $1,097,649 in the last three months. Company insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the company a “buy” rating in a research report on Tuesday, November 5th.

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.