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

Key Points

• Armada Hoffler declared a quarterly dividend of $0.14 per share (record date March 26, payable April 2), equivalent to an annualized $0.56 and a 9.9% yield.
• Dividend sustainability is a concern: the company currently has a 400% payout ratio, indicating dividends exceed current earnings and are being funded from the balance sheet, though analysts forecast $1.10 EPS next year which would lower the projected payout ratio to about 50.9%.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) announced a quarterly dividend on Thursday, March 5th. Shareholders of record on Thursday, March 26th will be paid a dividend of 0.14 per share by the real estate investment trust on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Thursday, March 26th.

Armada Hoffler Properties has raised its dividend payment by an average of 0.0%per year over the last three years. 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 Trading Down 1.3%

Shares of NYSE:AHRT opened at $5.64 on Tuesday. The business's 50 day moving average price is $6.49 and its 200-day moving average price is $6.65. Armada Hoffler Properties has a 1 year low of $5.45 and a 1 year high of $7.98. The firm has a market capitalization of $584.34 million, a price-to-earnings ratio of -70.45 and a beta of 1.03. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.

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