Armada Hoffler Properties, Inc. (NYSE:AHH) Plans $0.14 Quarterly Dividend

Armada Hoffler Properties, Inc. (NYSE:AHH - Get Free Report) announced a quarterly dividend on Wednesday, June 18th, RTT News reports. Investors of record on Monday, June 30th will be given 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 8.09%.

Armada Hoffler Properties has a dividend 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. 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

NYSE AHH traded up $0.14 on Wednesday, hitting $6.93. 874,217 shares of the stock traded hands, compared to its average volume of 768,426. The company has a debt-to-equity ratio of 2.03, a quick ratio of 12.47 and a current ratio of 12.47. The business's fifty day moving average is $6.94 and its two-hundred day moving average is $8.47. Armada Hoffler Properties has a 12 month low of $6.10 and a 12 month high of $12.46. The firm has a market capitalization of $701.64 million, a price-to-earnings ratio of 86.57 and a beta of 1.11.

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 (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Armada Hoffler Properties had a return on equity of 2.98% and a net margin of 3.24%. The company had revenue of $63.80 million for the quarter, compared to analysts' expectations of $63.18 million. As a group, equities analysts anticipate that Armada Hoffler Properties will post 1.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AHH shares. Scotiabank dropped their price objective on shares of Armada Hoffler Properties from $10.00 to $8.00 and set a "sector perform" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus decreased their price objective 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.

Insider Buying and Selling at Armada Hoffler Properties

In other news, Director A Russell Kirk bought 50,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average price of $7.73 per share, with a total value of $386,500.00. Following the transaction, the director now owns 119,430 shares of the company's stock, valued at approximately $923,193.90. The trade was a 72.01% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 60,954 shares of company stock valued at $470,407. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Armada Hoffler Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of Armada Hoffler Properties by 268.6% during the 1st quarter. Jane Street Group LLC now owns 71,905 shares of the real estate investment trust's stock valued at $540,000 after buying an additional 52,397 shares in the last quarter. Strs Ohio purchased a new position in Armada Hoffler Properties during the 1st quarter valued at about $111,000. Amundi boosted its stake 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 acquiring an additional 2,465 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Armada Hoffler Properties by 4.5% in 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 purchasing an additional 2,015 shares during the period. Institutional investors own 66.35% of the company's stock.

Armada Hoffler Properties Company Profile

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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