Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) declared a quarterly dividend on Wednesday, June 18th, RTT News reports. Investors of record on Monday, June 30th will be paid a dividend of 0.14 per share by the real estate investment trust on Tuesday, July 8th. This represents a $0.56 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Monday, June 30th.
Armada Hoffler Properties has a payout ratio of 400.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Price Performance
Armada Hoffler Properties stock traded up $0.07 during trading hours on Friday, hitting $7.01. The stock had a trading volume of 5,990,909 shares, compared to its average volume of 791,622. The company has a debt-to-equity ratio of 2.03, a current ratio of 12.47 and a quick ratio of 12.47. The stock has a market capitalization of $709.95 million, a price-to-earnings ratio of 87.60 and a beta of 1.11. Armada Hoffler Properties has a 1-year low of $6.10 and a 1-year high of $12.46. The stock's fifty day moving average is $6.96 and its two-hundred day moving average is $8.38.
Armada Hoffler Properties (NYSE:AHH - Get Free Report) last posted its earnings results on Wednesday, May 7th. 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 $63.80 million during the quarter, compared to analyst estimates of $63.18 million. Armada Hoffler Properties had a net margin of 3.24% and a return on equity of 2.98%. As a group, analysts predict that Armada Hoffler Properties will post 1.05 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on AHH. Stifel Nicolaus lowered their target price on Armada Hoffler Properties from $12.25 to $10.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Scotiabank reduced their price objective on Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 16th.
Read Our Latest Report on AHH
Insider Activity
In related news, Director A Russell Kirk acquired 50,000 shares of Armada Hoffler Properties stock in a transaction dated Tuesday, March 25th. The shares were acquired at an average cost of $7.73 per share, for a total transaction of $386,500.00. Following the completion of the transaction, the director now directly owns 119,430 shares of the company's stock, valued at $923,193.90. The trade was a 72.01% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 10.20% of the company's stock.
Institutional Trading of Armada Hoffler Properties
Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new position in Armada Hoffler Properties during the first quarter worth about $111,000. Amundi lifted its position in Armada Hoffler Properties by 5.9% during the first quarter. Amundi now owns 44,107 shares of the real estate investment trust's stock worth $305,000 after buying an additional 2,465 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Armada Hoffler Properties by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,791 shares of the real estate investment trust's stock worth $351,000 after buying an additional 2,015 shares during the period. Finally, Jane Street Group LLC lifted its position in Armada Hoffler Properties by 268.6% during the first quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust's stock worth $540,000 after buying an additional 52,397 shares during the period. 66.35% of the stock is currently owned by hedge funds and other institutional investors.
About Armada Hoffler Properties
(
Get Free Report)
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.
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