Armada Hoffler Properties Inc (NYSE:AHH) Announces Quarterly Dividend of $0.21

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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.

Armada Hoffler Properties (NYSE:AHH) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.18). Armada Hoffler Properties had a net margin of 9.66% and a return on equity of 3.96%. The business had revenue of $30.91 million for the quarter, compared to analyst estimates of $31.00 million. Research analysts forecast that Armada Hoffler Properties will post 1.15 earnings per share for the current year.

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

Dividend History for Armada Hoffler Properties (NYSE:AHH)

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