Armada Hoffler Properties, Inc. (AHH) to Issue Quarterly Dividend of $0.21 on October 3rd

Armada Hoffler Properties, Inc. (NYSE:AHH) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Investors of record on Wednesday, September 25th will be given a dividend of 0.205 per share by the real estate investment trust on Thursday, October 3rd. This represents a $0.82 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend is Wednesday, September 25th.

Armada Hoffler Properties has raised its dividend payment by an average of 43.9% per year over the last three years. Armada Hoffler Properties has a payout ratio of 264.5% meaning 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 $1.20 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 68.3%.

Armada Hoffler Properties Trading Down 2.9 %

Shares of Armada Hoffler Properties stock opened at $11.90 on Monday. The firm’s 50 day moving average is $11.83 and its 200 day moving average is $11.20. The firm has a market capitalization of $1.06 billion, a PE ratio of 132.22 and a beta of 1.04. Armada Hoffler Properties has a 1 year low of $9.81 and a 1 year high of $13.11. The company has a current ratio of 7.49, a quick ratio of 7.49 and a debt-to-equity ratio of 2.44.

Insider Activity

In other Armada Hoffler Properties news, Director Dennis H. Gartman acquired 4,500 shares of Armada Hoffler Properties stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average price of $11.09 per share, with a total value of $49,905.00. Following the completion of the purchase, the director now directly owns 21,486 shares in the company, valued at approximately $238,279.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Armada Hoffler Properties from a “sell” rating to a “hold” rating in a report on Friday, September 13th. Jefferies Financial Group cut Armada Hoffler Properties from a “buy” rating to a “hold” rating and lowered their target price for the stock from $13.00 to $11.00 in a report on Monday, July 15th. Finally, Stifel Nicolaus began coverage on Armada Hoffler Properties in a research note on Monday, July 15th. They set a “buy” rating and a $12.75 price target on the stock.

Armada Hoffler Properties Company Profile

Armada Hoffler (NYSE: AHH) is a vertically-integrated, self-managed real estate investment trust 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.