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

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Stockholders of record on Thursday, December 26th will be given 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 dividend 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% per year over the last three years. Armada Hoffler Properties has a payout ratio of 546.7% meaning 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

Armada Hoffler Properties stock traded down $0.16 during trading hours on Tuesday, hitting $10.83. The stock had a trading volume of 2,101,380 shares, compared to its average volume of 491,578. The company has a 50-day moving average of $11.00 and a two-hundred day moving average of $11.32. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 2.00. Armada Hoffler Properties has a fifty-two week low of $10.02 and a fifty-two week high of $13.09. The company has a market cap of $1.10 billion, a PE ratio of -51.57 and a beta of 1.03.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Armada Hoffler Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus increased their target price on Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a "buy" rating in a report on Tuesday, November 5th.

Insider Activity

In other Armada Hoffler Properties news, Director Daniel A. Hoffler acquired 95,238 shares of the business's stock in a transaction on Thursday, September 26th. The stock was purchased at an average price of $10.50 per share, for a total transaction of $999,999.00. Following the transaction, the director now owns 266,647 shares in the company, valued at $2,799,793.50. This trade represents a 55.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average cost of $10.85 per share, for a total transaction of $48,825.00. Following the purchase, the director now owns 27,149 shares of the company's stock, valued at approximately $294,566.65. This represents a 19.87 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 104,238 shares of company stock worth $1,097,649. Corporate insiders own 11.90% of the company's stock.

Armada Hoffler Properties Company Profile

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.