Armada Hoffler Properties Inc (NYSE:AHH) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Wednesday, June 26th will be paid a dividend of 0.21 per share by the real estate investment trust on Wednesday, July 3rd. This represents a $0.84 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Tuesday, June 25th.
Armada Hoffler Properties has raised its dividend by an average of 5.6% annually over the last three years and has raised its dividend every year for the last 5 years. Armada Hoffler Properties has a dividend payout ratio of 79.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Armada Hoffler Properties to earn $1.20 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 70.0%.
Shares of Armada Hoffler Properties stock opened at $17.19 on Monday. The company has a current ratio of 13.03, a quick ratio of 13.03 and a debt-to-equity ratio of 1.63. Armada Hoffler Properties has a twelve month low of $13.53 and a twelve month high of $17.50. The stock has a market cap of $901.08 million, a PE ratio of 16.69, a price-to-earnings-growth ratio of 3.75 and a beta of 0.50.
AHH has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, May 6th. ValuEngine upgraded shares of Armada Hoffler Properties from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Armada Hoffler Properties has an average rating of “Buy” and a consensus price target of $16.65.
In related news, Director James C. Cherry bought 5,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, June 18th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $125,000.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $125,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael P. O’hara bought 6,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, June 18th. The shares were bought at an average price of $25.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now directly owns 6,000 shares of the company’s stock, valued at approximately $150,000. The disclosure for this purchase can be found here. 13.30% of the stock is owned by insiders.
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.
Further Reading: Preferred Stock
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