Armada Hoffler Properties, Inc. (NYSE:AHH) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Stockholders of record on Wednesday, September 27th will be paid a dividend of 0.19 per share by the real estate investment trust on Thursday, October 5th. This represents a $0.76 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Tuesday, September 26th.
Armada Hoffler Properties has increased its dividend payment by an average of 43.6% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Armada Hoffler Properties has a dividend payout ratio of 77.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Armada Hoffler Properties to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 76.0%.
Armada Hoffler Properties (NYSE:AHH) opened at 13.65 on Thursday. Armada Hoffler Properties has a 52 week low of $12.52 and a 52 week high of $14.98. The stock has a 50 day moving average price of $13.38 and a 200 day moving average price of $13.52. The firm has a market cap of $856.91 million, a price-to-earnings ratio of 27.91 and a beta of 0.54.
Armada Hoffler Properties (NYSE:AHH) last issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $26.76 million for the quarter, compared to analysts’ expectations of $27.18 million. Armada Hoffler Properties had a return on equity of 7.02% and a net margin of 8.04%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Equities research analysts expect that Armada Hoffler Properties will post $0.41 EPS for the current year.
Several analysts recently weighed in on the company. Bank of America Corporation assumed coverage on Armada Hoffler Properties in a report on Wednesday, September 6th. They issued a “buy” rating and a $15.00 price objective for the company. BidaskClub downgraded Armada Hoffler Properties from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Robert W. Baird reiterated an “outperform” rating and set a $15.00 price objective on shares of Armada Hoffler Properties in a research report on Friday, July 14th. Finally, FBR & Co restated an “outperform” rating and issued a $15.00 target price on shares of Armada Hoffler Properties in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.93.
In other news, CEO Louis S. Haddad purchased 10,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The stock was bought at an average cost of $13.39 per share, for a total transaction of $133,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 252,221 shares of the company’s stock, valued at $3,377,239.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.87% of the stock is owned by corporate insiders.
About Armada Hoffler Properties
Armada Hoffler Properties, Inc is a real estate company. The Company is engaged in developing, building, owning and managing institutional-grade office, retail and multifamily properties in various markets throughout the Mid-Atlantic and Southeastern United States. In addition to the ownership of its operating property portfolio, the Company develops and builds properties for its own account and through joint ventures between the Company and unaffiliated partners.
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