Armada Hoffler Properties Inc (NYSE:AHH) declared a quarterly dividend on Friday, July 31st, Wall Street Journal reports. Investors of record on Wednesday, September 30th will be paid a dividend of 0.11 per share by the real estate investment trust on Thursday, October 8th. This represents a $0.44 annualized dividend and a yield of 4.56%. The ex-dividend date is Tuesday, September 29th.
Armada Hoffler Properties has raised its dividend payment by an average of 16.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Armada Hoffler Properties has a dividend payout ratio of 225.6% 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 $1.08 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 81.5%.
Shares of Armada Hoffler Properties stock opened at $9.64 on Friday. Armada Hoffler Properties has a 52-week low of $6.40 and a 52-week high of $19.43. The firm has a market capitalization of $762.86 million, a PE ratio of 8.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The company has a debt-to-equity ratio of 1.85, a current ratio of 18.35 and a quick ratio of 18.35. The company’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $12.02.
AHH has been the topic of several analyst reports. Zacks Investment Research lowered shares of Armada Hoffler Properties from a “buy” rating to a “hold” rating in a report on Thursday, July 16th. Robert W. Baird upped their price objective on shares of Armada Hoffler Properties from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Stifel Nicolaus raised Armada Hoffler Properties from a “sell” rating to a “hold” rating and boosted their target price for the stock from $8.00 to $9.00 in a report on Wednesday, June 24th. Finally, Bank of America lowered Armada Hoffler Properties from a “buy” rating to a “neutral” rating and set a $8.50 price target on the stock. in a research report on Monday, April 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.88.
In other news, Director John W. Snow purchased 125,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average price of $7.69 per share, with a total value of $961,250.00. Following the completion of the purchase, the director now directly owns 105,585 shares of the company’s stock, valued at approximately $811,948.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Louis S. Haddad purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average price of $18.94 per share, for a total transaction of $94,700.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $189,400. The disclosure for this purchase can be found here. Company insiders own 13.30% of the company’s stock.
Armada Hoffler Properties Company Profile
Armada Hoffler Properties, Inc (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust ("REIT") with four decades of experience developing, building, acquiring, and managing high-quality, institutional-grade office, retail, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.
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