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

Key Points

• Armada Hoffler Properties declared a quarterly dividend of $0.14 per share, payable October 8 to shareholders of record as of September 30. The payment represents a $0.56 annualized dividend and an approximately 9.0% yield.
• The dividend currently exceeds earnings coverage, with a 400% payout ratio. However, analysts expect next year’s earnings of $0.64 per share, implying a more sustainable projected payout ratio of 87.5%.
• AHRT opened at $6.24, below its 50-day and 200-day moving averages, while institutional investors and hedge funds collectively owned 66.35% of the company.

Armada Hoffler Properties, Inc. (NYSE:AHRT - Get Free Report) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.14 per share by the real estate investment trust on Thursday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Armada Hoffler Properties has increased its dividend by an average of 0.0%per year over the last three years. Armada Hoffler Properties has a 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. Research analysts expect Armada Hoffler Properties to earn $0.64 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 87.5%.

Armada Hoffler Properties Trading Down 0.4%

AHRT stock opened at $6.24 on Friday. Armada Hoffler Properties has a 52 week low of $5.13 and a 52 week high of $7.64. The company has a market capitalization of $465.07 million, a PE ratio of -9.90 and a beta of 1.05. The company's 50-day simple moving average is $6.76 and its 200 day simple moving average is $6.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 3.10 and a current ratio of 3.10.

Institutional Investors Weigh In On Armada Hoffler Properties

Several hedge funds have recently modified their holdings of AHRT. TT Capital Management LLC increased its holdings in shares of Armada Hoffler Properties by 24.5% in the 4th quarter. TT Capital Management LLC now owns 148,175 shares of the real estate investment trust's stock worth $981,000 after buying an additional 29,200 shares during the last quarter. State of Wyoming grew its position in Armada Hoffler Properties by 127.3% in the fourth quarter. State of Wyoming now owns 40,076 shares of the real estate investment trust's stock worth $265,000 after acquiring an additional 22,441 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Armada Hoffler Properties during the fourth quarter worth approximately $68,000. Murphy Pohlad Asset Management LLC purchased a new stake in Armada Hoffler Properties during the fourth quarter valued at approximately $73,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Armada Hoffler Properties by 206.3% in the 4th quarter. Hantz Financial Services Inc. now owns 19,501 shares of the real estate investment trust's stock valued at $129,000 after purchasing an additional 13,134 shares during the last quarter. Institutional investors and hedge funds own 66.35% of the company's stock.

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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