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

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) announced a quarterly dividend on Wednesday, March 12th, RTT News reports. Stockholders 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 dividend yield of 7.33%. The ex-dividend date is Wednesday, March 26th.

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 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 0.7 %

NYSE AHH traded down $0.06 during trading hours on Friday, hitting $7.64. 763,586 shares of the company's stock were exchanged, compared to its average volume of 743,794. Armada Hoffler Properties has a 12-month low of $7.61 and a 12-month high of $12.46. The business's 50 day moving average is $9.49 and its 200-day moving average is $10.57. The firm has a market capitalization of $773.58 million, a P/E ratio of 23.89 and a beta of 1.04. The company has a debt-to-equity ratio of 1.56, a quick ratio of 7.17 and a current ratio of 8.81.

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Armada Hoffler Properties (NYSE:AHH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.27 EPS for the quarter, topping 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. As a group, analysts anticipate that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their price target 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.

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.