Armada Hoffler Properties, Inc. (NYSE:AHRT) Announces $0.14 Quarterly Dividend

Armada Hoffler Properties, Inc. (NYSE:AHRT) announced a quarterly dividend on Tuesday, May 12th. Investors of record on Wednesday, June 24th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Wednesday, June 24th.

Armada Hoffler Properties has increased its dividend by an average of 0.0%per year over the last three years. Armada Hoffler Properties has a payout ratio of 400.0% 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 $0.69 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 81.2%.

Armada Hoffler Properties Stock Performance

NYSE AHRT traded down $0.09 during trading hours on Wednesday, reaching $6.42. 442,742 shares of the company were exchanged, compared to its average volume of 1,294,186. Armada Hoffler Properties has a 1 year low of $5.13 and a 1 year high of $7.71. The business’s 50 day simple moving average is $5.89 and its 200-day simple moving average is $6.37. The company has a quick ratio of 6.15, a current ratio of 3.17 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $665.09 million, a P/E ratio of -18.87 and a beta of 1.05.

Armada Hoffler Properties (NYSE:AHRT) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.29). Armada Hoffler Properties had a positive return on equity of 0.91% and a negative net margin of 6.87%.The company had revenue of $40.06 million for the quarter, compared to analysts’ expectations of $52.43 million. On average, equities research analysts expect that Armada Hoffler Properties will post 0.56 earnings per share for the current year.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.