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. Investors 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 raised 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. 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’s 50 day simple moving average is $11.00 and its two-hundred day simple moving average is $11.32. 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. The stock has a market capitalization of $1.10 billion, a PE ratio of -51.57 and a beta of 1.03.

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 business had revenue of $68.60 million during the quarter, compared to analysts’ expectations of $65.01 million. During the same quarter last year, the business posted $0.31 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts predict that Armada Hoffler Properties will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel A. Hoffler acquired 95,238 shares of Armada Hoffler Properties stock in a transaction dated Thursday, September 26th. The shares were purchased at an average cost of $10.50 per share, with a total value of $999,999.00. Following the completion of the purchase, the director now owns 266,647 shares of the company’s stock, valued at $2,799,793.50. This represents a 55.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dennis H. Gartman bought 4,500 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was bought at an average cost of $10.85 per share, with a total value of $48,825.00. Following the purchase, the director now owns 27,149 shares in the company, valued at $294,566.65. The trade was a 19.87 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 104,238 shares of company stock valued at $1,097,649 over the last 90 days. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

AHH has been the subject of several recent analyst reports. StockNews.com lowered Armada Hoffler Properties from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on shares of Armada Hoffler Properties from $12.50 to $12.75 and gave the stock a “buy” rating in a research note 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.