Armada Hoffler Properties, Inc. (NYSE:AHH) to Issue Quarterly Dividend of $0.14

Key Points

• Armada Hoffler Properties, Inc. declared a quarterly dividend of $0.14 per share, which will be paid to investors on October 2nd, with an ex-dividend date of September 24th.
• The company has a dividend payout ratio of 400.0%, indicating reliance on its balance sheet to fund dividends, though future earnings forecasts suggest a more sustainable payout ratio of 50.9%.
• Armada Hoffler Properties last reported earnings of $0.25 per share, falling short of analyst estimates, despite achieving revenue of $65.15 million for the quarter.

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) declared a quarterly dividend on Friday, September 12th. Stockholders of record on Wednesday, September 24th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, October 2nd. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Wednesday, September 24th.

Armada Hoffler Properties has a dividend payout ratio of 400.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Armada Hoffler Properties to earn $1.10 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 50.9%.

Armada Hoffler Properties Stock Performance

Shares of AHH traded down $0.09 during trading hours on Monday, hitting $7.29. The stock had a trading volume of 551,147 shares, compared to its average volume of 506,452. Armada Hoffler Properties has a 12 month low of $6.10 and a 12 month high of $12.25. The stock has a fifty day moving average price of $7.12 and a 200 day moving average price of $7.11. The company has a debt-to-equity ratio of 2.23, a current ratio of 8.66 and a quick ratio of 8.66. The firm has a market capitalization of $755.16 million, a PE ratio of 60.71 and a beta of 1.13.

Armada Hoffler Properties (NYSE:AHH - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $65.15 million for the quarter, compared to analysts' expectations of $63.29 million. Armada Hoffler Properties had a net margin of 4.39% and a return on equity of 3.40%. Armada Hoffler Properties has set its FY 2025 guidance at 1.000-1.100 EPS. Analysts anticipate that Armada Hoffler Properties will post 1.05 EPS for the current year.

Institutional Investors Weigh In On Armada Hoffler Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of Armada Hoffler Properties by 464.9% in the second quarter. GAMMA Investing LLC now owns 4,163 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 3,426 shares during the period. Crossingbridge Advisors LLC purchased a new position in shares of Armada Hoffler Properties during the 1st quarter valued at about $38,000. Tower Research Capital LLC TRC lifted its holdings in shares of Armada Hoffler Properties by 172.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,919 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 5,015 shares during the period. Virtu Financial LLC purchased a new stake in shares of Armada Hoffler Properties in the first quarter worth about $83,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in Armada Hoffler Properties during the second quarter worth about $77,000. 66.35% of the stock is currently owned by institutional investors and hedge funds.

About Armada Hoffler Properties

Armada Hoffler Properties, Inc (the "Company") is a vertically integrated, self-managed real estate investment trust ("REIT") 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.